Syrian Sovereign Fund

Construction & Real Estate

Arada, Syria fund JV to develop $7bn megaproject in New Damascus

Wed, 02 Sep 2026

Arada, one of the world’s fastest-growing master developers, has announced its entry into the Syria through a joint venture with the state-owned Syrian Sovereign Fund. The joint venture’s first project will be the development of a major new fully integrated city on a four million square metre site west of Damascus.