Overview of the Opportunity

The Syrian Investment Authority has included the development of Al-Malik Al-Adel Street Garden in Damascus within its official investment map. The project is listed in coordination with the Damascus Governorate, which holds ownership of the site. The total area of the project stands at 2,956 square meters, with an estimated capital requirement of 3.5 million USD.

Proposed Scope of Works

The project encompasses a range of construction and rehabilitation works, including:

• Construction of event halls and ancillary facilities in a first underground basement level at a height of 6 meters.
• Construction of three additional basement levels designated for parking, services, and storage.
• Rehabilitation of the existing garden and upgrading of its facilities.
• Addition of new services and amenities to enhance the public utility of the site.

Investment Model and Duration

The project is to be implemented under a Build-Operate-Transfer (BOT) model, with a contract duration ranging between 35 and 40 years. This model allows the investor to recover capital and generate returns throughout the operational period before transferring the site back to the owning authority.

Issuing Authority and Sector

This opportunity falls within the services sector and is managed by the Syrian Investment Authority in cooperation with the Damascus Governorate. Full details are available through the official investment map on the Syrian Investment Authority's website.