Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

SYRIA

Kuwaiti Consortium To Launch $2Bn Investment And Development City Project

Kuwaits Aref Investment Group announced on 11 December that a consortium of approximately eight Kuwaiti companies was finalizing an agreement with Syria to launch a $2bn real estate and services project in Damascus. The first phase entails the creation of a financial district and a bourse at an estimated cost of $500mn by the end of 2007. Health, educational,...