News

Investment in time preparing for rebuilding stage

2017-05-06

The General Commission of Development and  Real  Estate  Investment  is waiting just around the corner to amend its law which is readied as a plan through a committee headed by the Minister of Housing and Urban Development and comprising experts so also benefiting from real estate developer views .

Commission is seeking serious to amend this law ensuring the achieving of  features and facilities and contributing to remove the obstacles which barriers real estate developers whereas such a step will give a big turn and more  activity to the commission in order to encourage the private sector as a main branch to attract the Syrian emigrant capital .

Dr,homsi said that the commission has got 45 license company and there are many companies that have got the initial license and they are now completing the procedures of the final license .

Dr.Homsi indicated that the current circumstances have negatively affected in the conditions of some companies although they didn’t withdraw from the Syrian market ,but after all , there is a bid turnout of many foreign one’s  and the commission is communicating with them now .

About the innovated areas ,Dr.Homsi said that the commission has 23 one’s and they  include 164 housing units and it works now to innovate new areas whence it trace two ways ,the first one is to innovate real estate areas ,and the second is the processing of squatter settlement areas according to the entrusted mission that was given to the commission by a resolution from Presidency of the Council of Ministers

He clarified that the number of squatter settlement areas according to the own national map is 157 area and the processing will be either in dilapidation or in rebuilding by existing structural scheme after providing with alternative reside .

Dr.Homsi indicated that there are two innovated areas that have finished studying and given to the Council of Ministers .He clarified his optimism in the companies that communicate and submit to the commission in order to have notice about the business climate and the promising real estate and investment environment especially in the coming srage of rebuilding which needs serious work and coordination with different administrative bodies that are responsible of the innovated real estate areas in order to advertise about it, ensuring that the commission is ready to present big support , services , studies and necessary condition books to activate the administrative bodies in advertising the execution these areas