Property Talks are ongoing between Damascus Cham Holding and Russian and Chinese investors about the possibility of establishing joint ventures to invest in Marota City and Basilia City. Regeneration projects in accordance with the...
Property The recently enacted Urban Renewal Law 10/2018 provides that that one or more zoned areas may be established by decree on land subject to local planning regulations located throughout Syria’s provinces and local...
Property Damascus Cham Holding announced the incorporation of a new private joint stock company called Rawafid Damascus with a share capital of SYP 25.9 billion in partnership with four other companies, one of which...
Property Prime Minister Imad Khamis visited the Syria Towers project by Souria Holding and the Mövenpick Hotel project in downtown Damascus. The Syria Towers project located in the Baramkeh district of Damascus has been...
Property Kuwait-Syria Holding Company announced that it purchased along with some Syrian investors a plot of land measuring more than 100,000 square meters in the Yaafour district of Rural Damascus for $12.2 million (US)....
Reconstruction SLJ Advisory, a reconstruction consultancy so to speak, has been established to provide analysis and reporting on business, economic and legislative developments concerning Syria to small and medium-sized enterprises and multinational corporations. There...
Reconstruction Syrian Prime Minister Imad Khamis welcomed Omani investors to Damascus and praised their planned participation in the oil, mineral resources and tourism sectors. The Omani side was briefed on new legislation passed in...
Companies The Ministry of Internal Trade and Consumer Protection raised the minimum capital requirements for commercial companies in Syria. Regulation 2128/2017 increased the minimum capital requirements for general partnerships, limited partnerships, limited liability companies,...
Finance The Council of Ministers approved a bill to establish the Federation of Syrian Banks (FSB) to include all the public and private banks in the country. Its membership will include the 20 Syrian...
Finance The Central Bank formally issued the SYP 2,000 note and put it into circulation after the Syrian Pound lost more than 90% of its value since 2011. In recent years, Syrians were forced...