A Chinese Giant Delegation in Marota City
Damascus Cham Holding formulates modernization of the capital The delegation of China State Construction Company, which is currently visiting Syria, chose to have a main work station in Damascus Cham Holding, which manages and invests the properties of Damascus Governorate, in order to discuss cooperation and investment opportunities in projects run by the Holding Company, especially Marota City project. The Chinese delegation, represented by the company's vice president and a number of directors, held talks with Damascus Governor, Chairman Adel Al-Olabi, Executive Director Nasouh Nabulsi, a number of concerned governors and a team at Marota City. The Chinese delegation listened to a special explanation of Damascus Cham Holding and all the projects it manages and its activities that establish a new regulated, urban and service thought in Damascus, which will transfer it to the ranks of developed and distinguished cities in terms of urbanization, service, commerce, economy and culture. The Chinese were briefed on the Marota City project and the investment opportunities available in it. This was an opportunity to discuss areas of cooperation and to explore the possibility of the Chinese company making investments in Marota. They also discussed introducing the Chinese company to the investment of regulated areas in infrastructure and alternative housing. It is to be noted that China State Construction is the world's largest multinational conglomerate in the field of civil and industrial engineering as well as real estate development and construction and ranked number one in the world in 2016. The company is currently the largest construction group in China in the field of construction, real estate and contracting. It is also the largest construction company in developing countries and the largest construction company in the world. This confirms the importance of its visit to Syria that is on the verge of reconstruction as the war ends with victory. Damascus Cham Holding is keen to select investors and partners in its projects carefully. So far it has been able to establish several partnerships with a number of investors, where the idea of partnership is based on the establishment of a new company between the investor and Damascus Cham Holding Company, where the land of plot is provided, -Marota City in this regard-, by Damascus Cham Holding; while the capital is provided by investors. Subsidiary companies will supervise the project agreed. We can mention here some subsidiaries established so far namely: Developers Co. – 3 plots: 2 Residential and 1 Investment Aman Damascus Co. – 10 Plots: 3 Investment and 7 Residential Rawafed Co. – 3 Plots: 1 Investment and 2 Mixed Residential Mizra Co. – 4 Mixed Residential Plots There are currently talks and negotiations with several Syrian, Arab and foreign investors to invest in more Plots in the project. It is noteworthy that Marota City project, which will be established in the area behind Al-Razi after its organization, will be the first project of Damascus Cham Holding. The advanced infrastructure of sewage and water grids, gas, fiber optic grids, and processed water network are currently under way. Damascus Cham Holding was established in December 2016 as a private company with a capital of 60 billion SP. The company running the properties of Damascus Governorate seeks to be one of the leading companies through outstanding performance and the quality of services it provides to the society, in addition to providing major solutions to develop Damascus and its services in every field. The company has economic importance by supplying Damascus with infrastructure expenses, rent expenses, and others. The company provides thousands of jobs and many investment opportunities that will supply the state treasury with hundreds of billions in order to support the national economy.