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Licensing for the first real estate development area in Damascus

2021-11-10T14:20:20.604Z

Damascus, SANA- The board of directors of the General Authority for Real Estate Development and Investment in the Ministry of Public Works and Housing approved



Damascus-SANA

The Board of Directors of the General Authority for Real Estate Development and Investment in the Ministry of Public Works and Housing has approved the creation of the first real estate development zone in Damascus.

During its meeting today, the Board reviewed what was submitted by “Amesa” Development and Investment Company to create a real estate development area in the Al-Mazzeh real estate area in the name of “Amesa Al-Sham”, where it was approved to create this area after completing the legal procedures and studying the technical visions and the planning program for the completion of nearly 500 apartments in harmony With the areas of “Basilia and Marotta City” adjacent to it.

The council also reviewed the applications submitted for obtaining an initial license to establish two companies wishing to work as a real estate developer, where the approved technical visions and the mechanism used for their work were studied.

Council members pointed to the need to encourage the creation of real estate financing companies, as they support the work of real estate developers and contribute to securing more housing units.

It is noteworthy that the foundation stone was laid for the first real estate development project for "Amisa" company in the Umm Al-Adham area of ​​Homs at the end of last March.

 Mada Alloush

Source: sena

All business articles on 2021-11-10

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