Baladi News
Iranian construction companies are to build thousands of residential units in the suburbs of Syria's capital, Damascus, VOA quoted an Iranian state-run news agency.
Iranian Students News Agency (ISNA) recently quoted a business official with the country's investment association, who announced that Iran would build 200,000 residential units near Damascus, according to VOA.
Iraj Rahbar, vice president of Iran's Mass Construction Society, said the massive housing project has come about after the Iranian and Syrian governments signed a memorandum of understanding (MOU) in January 2019.
Tehran has been encouraging prominent Iranian developers to buy property in Damascus, analysts and construction industry sources in Iran said.
"This is not the first time that officials encourage developers to invest in Syria," Amir Reza Masoumi, a Tehran-based architect, told VOA.
Since the beginning of Syria's war in 2011, Iran has been a major supporter of Bashar al-Assad's regime in battling Syrian rebels across the country. Iranian Revolutionary Guard Corps (IRGC), a U.S.-designated terror group, and other Tehran-backed Shiite militias have played a major role in recapturing Syrian cities and towns from rebel forces.
Source: The Voice of America.