Mohamed Alabbar, the founder of Emaar Properties, is reportedly preparing to make major investments in Syria as the country enters a new phase of economic reconstruction and international engagement. According to reports, the total value of the planned investments could reach as high as $19 billion, making it one of the most significant foreign investment initiatives discussed for Syria in recent years.
Sources indicate that projects worth between $5 billion and $7 billion are being explored along Syria’s coastline, with potential developments focused on tourism, real estate, infrastructure, and commercial facilities. In addition, investment plans estimated at up to $11 billion are reportedly being considered for Damascus and surrounding regions, targeting urban development and large-scale reconstruction projects.
Reports suggest that work on several of these projects could begin within the next six months through partnerships with Syrian investors and local business groups. The proposed developments are expected to support job creation, improve infrastructure, and help revive economic activity after years of conflict and instability.
The renewed investor interest comes after the United States announced the lifting of sanctions on Syria and repealed the Caesar Act, a move widely seen as opening the door for increased foreign investment and broader economic cooperation. Analysts believe these changes could encourage regional and international companies to explore opportunities in Syria’s rebuilding process, particularly in real estate, tourism, transport, and public infrastructure.
