Former WeWork CEO’s real estate company, Flow, is now hiring in the UAE
Flow, founded by Adam Neumann, has launched operations in the UAE, aiming to open its first communities in Dubai and Abu Dhabi by 2027
UAE-based real estate developer Arada, supported by Saudi and UAE royals, has entered into an agreement to construct a $7 billion district in Damascus, Syria. This deal is part of a larger trend of Gulf investment flowing into Syria's reconstruction, in line with a US strategy to keep the country away from Iran's influence. The move also sees Arada's co-founder Khaled bin Alwaleed Al Saud, son of billionaire Prince Alwaleed bin Talal, returning to his region's top investment role.
Arada's co-founder's father owned the Four Seasons hotel in Damascus before selling it to a frontman for Syria's former president in 2018. For UAE property developers, Syria also presents a significant international growth opportunity, as evidenced by Dubai mogul Mohamed Alabbar's announcement of a $20 billion plan to develop housing and tourism infrastructure in Syria, including in Damascus and the coastal city of Latakia.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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