President Al-Shara discusses investment opportunities in Syria with Emirati economic delegation
President Ahmed Al-Sharaa received, on Wednesday, May 6, 2026, an Emirati economic delegation headed by businessman Mohammed Ali Rashid Alabbar, in the presence of Minister of Foreign Affairs and Expatriates Asaad Hassan Al-Shaibani, at the People's Palace in Damascus.
During the meeting, they reviewed the investment and development opportunities available in Syria, foremost of which is the real estate development sector, which contributes to supporting the process of economic development.
Alabbar explores investment opportunities
The head of the Syrian Investment Authority, Talal al-Hilali, announced the arrival of Emirati businessman Mohammed Alabbar in Damascus to discuss investment opportunities, at a time when media reports spoke of plans for huge projects that could reach about $50 billion.
Al-Hilali posted on the "X" platform yesterday a video clip of a meeting he had with Al-Abbar and his accompanying delegation in Damascus, explaining that the visit comes within the framework of exploring investment opportunities and participating in the first Syrian-Emirati forum.
This visit comes after a previous postponement that was scheduled for the end of February, before regional developments and the war on Iran hindered its arrangements at the time, amid expectations of holding a series of intensive meetings with the Syrian side to discuss opportunities for cooperation and investment.
According to the "East Economy" website, quoting an unidentified source of knowledge, the Emirati company "Eagle Hills" is considering the implementation of two large urban projects in Syria, within two master plans whose development cost exceeds $50 billion.
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Who is Mohammed Alabbar?
Born in Dubai in 1956, Mohammed Alabbar studied business administration in the United States before starting his career in the banking sector.
He later held prominent government positions, including the founding Director General of the Department of Economic Development in Dubai, where he played a pivotal role in developing the emirate's economy and transforming it into a global hub for trade and tourism.
In 1997, he founded Emaar Properties, which has become one of the world's largest real estate developers, with prominent projects such as the Burj Khalifa and The Dubai Mall, as well as extensive investments in various sectors, including e-commerce and services.
Alabbar is known for his role in launching and managing mega projects across the region, making him one of the most prominent investors who have made a clear mark on the Arab economic scene.