CIP in a Week 03: Saudi loans of $403.6 million, Kalyon and Cengiz in power and airport, and an exhibition city in Aleppo

The most important agreements, projects and contracts in Syria this week — 30 October to 5 November 2026

Prepared by: Construction & Investment Prime (CIP)

Eight items: financing, power and airport agreements, new project plans, a Syrian-Chinese forum in Damascus, and work starting on Aleppo’s first exhibition city. Each item in brief, with a link to the full article on cip.sy.

Full issue on the website:

1. Faz outlines its projects in Syria — 28 October 2026
Faz Investment unveiled, at a scientific forum in Damascus, the real estate projects it plans to develop: a tourist resort in Zabadani on about 300,000 square metres, a residential city in Yaafour on about 440,000 square metres, and a study for a large residential city in Aleppo alongside the development of Maaref City. All are plans under study, with no total value and no timetable announced yet.
Full article: https://cip.sy/faz-investment-zabadani-aleppo-projects/

2. Abyat x C-Plano: MoU for a supply line from China — 29 October 2026
Abyat Real Estate Investment and Development signed a memorandum of understanding with the Chinese company C-Plano, specialised in design and building materials, during a business visit to China, to secure its supply line before the implementation phase. It is a memorandum of understanding and cooperation, not a signed supply contract yet.
Full article: https://cip.sy/abyat-c-plano-mou/

3. Kalyon in Syria: power and Damascus airport — 2 November 2026
Turkish company Kalyon enters the Syrian market through two major projects: a $7 billion agreement to build four gas power plants with a capacity of 4,000 MW and a solar plant with a capacity of 1,000 MW in Wadi Al-Rabie, and an agreement of about $4 billion to develop Damascus International Airport, where work on the second terminal is advancing after completion of the first phase.
Full article: https://cip.sy/kalyon-company-syria-electricity-damascus-airport/

4. UNICEF: 200 schools before the end of the year — 3 November 2026
The programme to rehabilitate existing schools and health centres aims to rehabilitate 200 schools before the end of the year, in cooperation between UNICEF and the Syrian government, at a total cost of $44 million.
Full article: https://cip.sy/unicef-two-hundred-schools-rehabilitation-syria/

5. Aleppo starts work on its first exhibition city — 3 November 2026
Aleppo Governor Azzam Al-Gharib announced the start of work on the governorate’s first and largest exhibition city, in the south of the governorate, to enter operation in 2027. The cost, area and implementing party of the project have not been announced yet.
Full article: https://cip.sy/aleppo-exhibition-city/

6. The Syrian-Chinese Economic Development Forum — 3 to 4 November 2026
The forum opened at the Four Seasons Hotel in Damascus, with a delegation of 16 Chinese companies in construction, engineering, building materials and reconstruction, with working sessions with the Investment Authority, the Sovereign Fund, Ports and Customs, and the Ministry of Public Works and Housing, as well as bilateral meetings and field visits to Homs, Hama and Aleppo.
Full article: https://cip.sy/syrian-chinese-forum-damascus/

7. Cengiz in Syria: joint work with Kalyon under UCC leadership — 4 November 2026
The second episode in the series on Turkish companies: Cengiz does not work alone in Syria, but as a partner with Kalyon in the same two power and airport projects, within an alliance led by the Qatari company UCC — with each company bringing its own capabilities and role to this joint work.
Full article: https://cip.sy/cengiz-company-syria-joint-energy-airport-projects/

8. Saudi concessional loans for Syria worth $403.6 million — 4 November 2026
The Ministry of Finance signed six concessional development loan agreements with the Saudi Fund for Development in Riyadh: $105 million for Civil Defense centres, $100 million for health, $90 million to rehabilitate the Aleppo thermal power plant, $60 million to rehabilitate 10,000 damaged housing units in the first phase, $30 million for smart water meters, and $18.6 million for digital transformation. Repayment is over 20 years, including a five-year grace period.
Full article: https://cip.sy/saudi-fund-syria-loans-403-million/

Number of the week
$403.6 million — the value of six concessional development loan agreements signed by the Ministry of Finance with the Saudi Fund for Development this week, with repayment over 20 years including a five-year grace period.

In the next issue
Next week, the newsletter follows the next episode in the series on Turkish companies operating in Syria, the latest announced projects and agreements, tenders and upcoming events. The new issue comes out every Thursday.

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