Opportunity Overview

The Syrian Investment Authority has listed a formal investment opportunity on its official investment map for the development of a multi-level commercial mall at the site of Talae Al-Baramkeh Garden in Damascus. The land is owned by the Damascus Governorate, and the estimated total project cost is 6 million USD across a total area of 6,000 square metres.

Project Scope

The project centres on a specialised automotive parts market and encompasses the following components:

• A first underground level with an 8-metre ceiling height and a mezzanine floor dedicated to commercial retail.
• Two additional underground levels (second and third) designated for parking and vehicle services.
• A fourth underground level to be used as warehousing.
• Rehabilitation of Al-Baramkeh Garden and the addition of public services and amenities.

Investment Model and Duration

The project is offered under a BOT (Build, Operate, Transfer) model with a concession period of 35 to 40 years, providing the investor with a sufficient timeframe to recover capital and generate returns before transferring the asset to the owning authority.

Location and Sector

The project is located in the Al-Baramkeh district of central Damascus and falls within the commercial sector. It combines a specialised automotive parts and services retail function with the development of a public garden space.

Supervising Authority and Application

The Syrian Investment Authority publishes this opportunity through its official investment map portal. Full project details and application procedures are available via the authority's dedicated project page.