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US$500mn Eighth Gate property is a master-planned real estate development |
Emaar-IGO, a venture between Emaar Syria and IGO, is making rapid progress on the US$500 million Eighth Gate, the pioneering master-planned community that creates a new commercial nerve-centre near Damascus. Construction of the project is progressing at a fast pace with leading contractors and engineers undertaking the work.
Mr Sarhad Haffar, General Manager, Emaar Syria, said: "Emaar recently launched the Commercial Centre of Eighth Gate to strong investor response not only in Syria but also in several Gulf countries. We are now undertaking the construction work of the project at an accelerated pace to hand over the project and create a truly dynamic commercial environment near Damascus."
The pioneering commercial community which will eventually feature the Damascus Stock Exchange building, The Eighth Gate is now taking shape with several hundred workers currently employed on site. ACC and Saudi Binladin Group are leading the construction works.
