The General Authority of Civil Aviation signs the final concession agreements for the investment in the development and operations of Damascus International Airport with an international consortium led by Qatar’s UCC Holding

Damascus, Syria: The General Authority of Civil Aviation in the Syrian Arab Republic signed the final concession contracts related to investment in th...

Damascus, Syria: The General Authority of Civil Aviation in the Syrian Arab Republic signed the final concession contracts related to investment in the development, expansion, construction, and operation of Damascus International Airport with an international consortium led by UCC Holding through its subsidiary Urbacon Concessions Investment, with the participation of Cengiz İnşaat of Turkey, Kalyon İnşaat of Turkey, and Assets Investments of the United States.

The project represents the largest investment in Syria’s history, valued at USD 4 billion, reflecting strong international confidence in the future of Syria’s aviation sector.

Implementation works have also begun on the ground, as the consortium companies commenced the development works of Terminal 2 at the airport, in addition to the rehabilitation of the old hotel building inside the airport premises, and the start of improving the main road leading to the airport, reflecting the consortium’s commitment to implementing the project according to an accelerated timetable consistent with the requirements of rehabilitating the airport and raising its operational readiness.

The signing ceremony was attended by Mr. Omar Al- Hosari, President of the Syrian Civil Aviation Authority; the head of the consortium, Mr. Ramez Al-Khayyat, President of UCC Holding; Mr. Murat Ergönül representing Cengiz İnşaat of Turkey; Mr. Mehmet Tufan Körez representing Kalyon İnşaat of Turkey; Mr. Mehmet Arif Ozozan representing Urbacon Concessions Investment; Mr. Mazen Alsbeti representing Assets Investments of the United States; along with representatives of Hesco Engineering Services, Dar Al-Handasah, DG Jones, officials of the Civil Aviation Authority, and the consortium’s directors, in a meeting that reflected the strategic importance of the project and its role in rebuilding Syria’s air gateway.

Mr. Omar Al-Hosari said that signing the contracts to develop Damascus Airport constitutes a strategic step toward rebuilding Syria’s air gateway, strengthening the national economy, and opening new investment and employment opportunities, with the participation of major international companies from Qatar, Turkey, and the United States, which reflects global confidence in Syria’s ability to recover and in the presence of a clear, legal, and attractive investment environment.