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Emaar's new initiative in Syria

Global real estate major Emaar Properties signed a Memorandum of Understanding (MoU) with the Syrian General Organization for Housing to float a new company that will initiate several socio-economic developmental projects in Syria.

Initially, the new company will roll out, in phases, affordable housing units at different locations across the country, targeting the middle-income segment. Several other socio-economic development projects, which will uplift the standard of living of the Syrian population, are being planned.

The location of the new housing units will be finalized after the master plan and reclamation proposals are approved by the Syrian government. Other development projects will be initiated after elaborate social surveys and infrastructure assessment.



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