Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

SYRIA

Dubais Emaar Properties To Invest $3.9Bn In Syria

The Dubai-based real estate company Emaar Properties announced last week that it would invest $3.9bn in real estate projects in Syria. Emaars Chairman Muhammad al-'Abbar said that the first project The Eighth Gate would be a $500mn joint venture with Syrian expatriates which would include commercial, waterfront and residential property and a retail mall. The project will be...