DAMASCUS DEAL

UAE’s Arada signs $7 billion deal with Syrian Sovereign Fund

Syria is seeking investment to rebuild an economy devastated by more than a decade of war and Western sanctions, most of which have been lifted

Arada

A mock-up of Arada's project in Syria

UAE developer Arada signed a $7 billion agreement with the Syrian Sovereign Fund to build its first project in Syria.

The development will include homes, schools, healthcare facilities and entertainment venues.

The deal marks a...