UAE-Syria move ahead on $20 billion real estate mega-developments - Al-Monitor

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Syria and the United Arab Emirates are moving ahead with a closely watched private-sector investment project in the country’s postwar recovery, with Abu Dhabi-based developer Eagle Hills signing a framework agreement on Monday for major housing and tourism projects in Damascus and Latakia. The deal advances a development push led by Emirati billionaire Mohamed Alabbar that could ultimately involve investments worth as much as $20 billion, putting one of the UAE’s most prominent bets on Syria’s economic revival closer to implementation. What happened: Syria and Eagle Hills signed the framework …