Al-Olabi Real Estate Development Project in Al-Zirbeh, Aleppo, Syria

The Al-Olabi Real Estate Development Project is a residential and urban development project located in Al-Zirbeh, along the Aleppo–Damascus highway, approximately 15 kilometres from Aleppo city. The project involves the redevelopment of the former Alabi Tex textile factory site into a new urban and residential development.

The project was officially launched on 28 September 2026 in cooperation with the Syrian Investment Authority and Aleppo Governorate. It is the first announced project in Syria to proceed under the newly introduced professional practice system for real estate development and investment.

The development represents the conversion of a former industrial site into a residential real estate project, with plans to introduce new housing units in the Aleppo area.

Project Location and Site

The Al-Olabi Project is situated in Al-Zirbeh, south of Aleppo, on the main Aleppo–Damascus highway. Its location is approximately 15 kilometres from Aleppo city.

The development occupies the site of the former Alabi Tex textile factory, which was previously used for spinning, textile and curtain manufacturing activities before being damaged by fire in late 2011.

According to a report published by Al-Watan on 28 September 2026, citing a source from the project-owning Al-Olabi family, the site covers approximately 40,000 square metres, equivalent to four hectares.

The redevelopment transforms the former industrial property into a site designated for residential and urban investment activities.

Residential and Urban Development

The main announced objective of the Al-Olabi Project is to develop new residential units on the former industrial site.

The project is intended to introduce additional housing units in Aleppo through a real estate development model that brings an existing industrial property into a new residential and urban use.

The project forms part of the wider real estate development activities announced in Aleppo, with its implementation based on the newly adopted professional framework for real estate development and investment.

Detailed information regarding the residential buildings, apartment configurations, number of housing units, building heights and supporting facilities has not yet been officially disclosed in the available project reports.

Project Background and Site Redevelopment

The development is being established on the former premises of Alabi Tex, a textile manufacturing facility that operated in the spinning, textile and curtain production sector.

The factory was damaged by fire in late 2011, leaving its site available for a different development use.

The Al-Olabi Project introduces a change in the site's designated activity, from industrial textile production to residential and urban development.

The project therefore involves the redevelopment of an existing industrial property rather than the development of a previously undeveloped site.

Real Estate Development Framework

The Al-Olabi Project was launched under the newly adopted professional practice system for real estate development and investment in Syria.

The launch took place on 28 September 2026 through cooperation between the Syrian Investment Authority and Aleppo Governorate.

The project was identified as the first announced development to proceed through the procedures established under this new framework.

Its launch was accompanied by an agreement to establish a technical committee for real estate development and investment in Aleppo, responsible for technical and administrative matters related to this field.

The project's development framework is intended to organise the relationship between property owners, developers and the relevant administrative entities throughout the real estate development process.

Project Development Status

The official launch of the Al-Olabi Project was announced on 28 September 2026.

The available published information confirms the designation of the former Alabi Tex factory site for residential and urban development. However, a detailed construction schedule, confirmed commencement date for building works and projected completion date have not been published.

The final investment value, number of residential units, detailed architectural plans and complete list of project facilities have also not been officially disclosed in the available reports.

Further project specifications are therefore subject to the publication of the detailed development and implementation plans.

Al-Olabi Real Estate Project Overview

The main published details of the Al-Olabi Real Estate Development Project are summarised below:

• Project Name: Al-Olabi Real Estate Development Project.
• Location: Al-Zirbeh, Aleppo–Damascus Highway, Aleppo Governorate, Syria.
• Distance from Aleppo City: Approximately 15 kilometres.
• Project Type: Residential and urban real estate development.
• Reported Site Area: Approximately 40,000 square metres.
• Project Launch Date: 28 September 2026.
• Launching Entities: Syrian Investment Authority and Aleppo Governorate.
• Development Framework: Professional Practice System for Real Estate Development and Investment.
• Planned Main Use: Residential development and housing units.

The Al-Olabi Real Estate Development Project involves the redevelopment of the former Alabi Tex industrial site in Al-Zirbeh into a residential and urban development covering a reported area of approximately 40,000 square metres. Launched on 28 September 2026, the project is the first announced development in Aleppo to proceed under the newly introduced real estate development and investment framework.

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