Official Project Launch

Damascus Governor Maher Marwan Idlebi laid the foundation stone of the Damascus Financial Centre (DFC) in the Baramkeh district of central Damascus on Thursday. The ceremony was attended by Tourism Minister Mazen Al-Salahani and Investment Authority Director Talal Al-Hilali.

Partnership and Implementation Framework

The project is being developed by Syria Holding Company in partnership with the Damascus Governorate under a public-private partnership (PPP) agreement. It is regarded as one of the most significant investment projects announced in the Syrian capital in the current period.

Specifications and Components

The project covers a total land area of 33,000 square metres, with a combined floor area of approximately 240,000 square metres. The centre comprises the following components:

• Six mixed-use towers encompassing residential, commercial, and tourism functions
• A fully integrated commercial mall
• Five underground levels dedicated to parking facilities and support services

Economic Impact and Employment

The project is expected to generate 6,500 jobs during the construction and implementation phase, in addition to 8,500 jobs upon entering the operational phase, bringing the total projected employment figure to approximately fifteen thousand positions.

Development Objectives

The Damascus Financial Centre aims to strengthen economic and investment activity in the capital and upgrade the urban and service infrastructure of the Baramkeh area. The centre is also designed to provide a modern business environment that consolidates financial and economic institutions under one roof, contributing to investment attraction and economic growth in the years ahead.

6 mixed-use towers, featuring:

• Tourism Tower: A 42-story skyscraper, standing as the tallest tower in Damascus.
• Residential Towers: 2 towers comprising 550 smart residential units.
• Financial and Commercial Towers: 3 towers including over 1,000 smart offices for major local and international financial and economic corporations, accommodating up to 350 companies.
• Parking Facilities: Basement parking spaces with a capacity for more than 2,500 vehicles.
• Green Spaces: 5,000 square meters of public green areas.
• Execution Period: 4 to 5 years.
• Infrastructure Upgrades: The project includes upgrading the surrounding infrastructure, encompassing water, sewage, electricity, and telecommunications networks, alongside road and traffic flow improvements.

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