Mohamed Alabbar, founder of Emaar Properties, announced plans for a $16 billion to $17 billion investment in Syria’s real estate and tourism sectors at the RISE Summit 2026 in Dubai.
Proposed projects include a large-scale development in Damascus and another on the coast in Latakia.
Alabbar said investment decisions would depend on economic feasibility, development potential and social responsibility. Progress will also depend on broader economic conditions and the availability of supporting infrastructure.