RIYADH: Syria will need $100 billion to invest in infrastructure and $300 billion to develop its real estate sector over the next 10 years, Dhafer Al-Omar, assistant minister for administrative affairs at the Ministry of Local Administration and Environment, told Al-Eqtisadiah.
Speaking on the sidelines of the Real Estate Future Forum in Riyadh, Al-Omar said: “Today, we have five industrial cities and more than 180 industrial zones that have rapidly resumed operations. There is a strong push to attract major companies to establish factories in Syria.”
The Syrian official added that the country’s participation in the forum aimed to learn from successful experiences in the sector and to open doors for real estate investment in Syria through opportunities linked to infrastructure development.
He highlighted the attraction of numerous real estate companies and the signing of memoranda of understanding with Saudi and international firms during exhibitions focused on Syria’s reconstruction.
He noted that the country’s infrastructure remains dilapidated, requiring upgrades to roads, water, electricity, and telephone networks.
Al‑Omar also pointed out that Syria’s trade balance and exports continue to grow, driven by the industrial, agricultural, and textile sectors, alongside a strategic push to issue licenses for new engineering companies.
These efforts are part of a broader drive to develop infrastructure and modernize land and cadastral registries — preliminary steps aimed at facilitating and streamlining real estate development.
The official emphasized that Syria’s real estate investment market now represents a promising destination, offering attractive opportunities for developers looking to enter the sector.
