damascus dream

Alabbar to invest $20 billion in Syrian reconstruction venture

The Dubai-based founder of Emaar Properties plans to build tens of thousands of homes alongside resorts, offices, schools and hospitals

Tasneem Alsultan/Bloomberg via Getty Images

Emaar Properties founder Mohamed Alabbar

UAE property developer Mohamed Alabbar is making the biggest private-sector investment yet in Syria’s reconstruction, unveiling plans for at least $20 billion of housing, tourism and business developments in Latakia and Damascus.

The Dubai-based founder of Emaar Properties...