Abu Dhabi’s Eagle Hills to develop residential and tourism projects in Syria
Abu Dhabi-based Eagle Hills is working on two major projects in Syria including a residential and tourism development as part of a framework agreement the company has signed with the Syrian government. Total investment in the two projects in Damascus and Latakia has not been disclosed but Syria 's Arab News Agency reported they will create more 40,000 jobs. The agreement was signed on Monday at…
Abu Dhabi's Eagle Hills is set to develop residential and tourism projects in Syria as part of a framework agreement with the Syrian government. The company has signed a deal with Syria's ministries of Public Works, Housing, and Tourism to develop two projects: Tadamun Towers in Damascus and Eco Life in Latakia. The total investment in these projects is not disclosed, but it is reported that they will create over 40,000 jobs.
Eagle Hills' founder and chairman, Mohamed Alabbar, emphasized that the developments aim to provide suitable homes, good services, job opportunities, and a decent life for the communities. Alabbar also called on Syrians both within and outside the country to invest in Syria and contribute to its reconstruction. The UAE-based Arada is also planning a $7 billion mixed-use real estate project in Syria, which will include 11,000 homes, a hotel, a hospital, offices, and retail units.
The demand for good-quality homes in Syria remains strong, driven by both local residents and foreigners living abroad.
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