Major investment wave in Syria: Eagle Hills signs landmark Damascus and Latakia deals

Dubai: Abu Dhabi developer Eagle Hills has signed a framework agreement with Syria for two residential and tourism projects. The schemes sit in Damascus and Latakia. Total investment has not been disclosed.

Eagle Hills and Syria's ministries of Public Works and Housing, and Tourism, signed the deal at the People's Palace in Damascus on October 5. President Ahmad Al Shara attended, alongside Mohamed Alabbar, Eagle Hills founder and chairman.

Alabbar, who also chairs Emaar Properties, announced the move on X. "A new beginning for Eagle Hills in Syria" his post read. It also had a link to the projects website which shows how the project connects Damascus centre to the Latakia shoreline. At the ceremony, he promised homes, services and jobs built with Syrian companies and skilled professionals.