$1.5 Billion for Hama
Hama governorate launched an investment and development program valued at roughly $1.5 billion (USD) on the evening of 11 November 2026, in an event officials described as the first package of its kind in the province.
The program bundles 11 investment contracts spanning housing, tourism, development and entertainment. Governor Abdulrahman al-Suhyan said the contracts were binding implementation agreements set to begin immediately rather than statements of intent.
Housing at the Core
The largest components are residential. One economic-housing scheme would deliver 3,716 apartments for low-income residents alongside ground-floor shops, while a separate complex named Qurtuba is planned across about 115,000 square meters.
The emphasis on affordable units points to a province trying to ease a tight housing market after years of conflict and displacement, with low-income residents named as a primary target of the plan.
The Al-Yasmine Project
A further project in the Al-Yasmine district carries a value of more than $500 million, the single largest contract in the package. It is set over roughly 300,000 square meters in the Wadi al-Jawz area and is planned to include about 1,800 apartments and a commercial center.
The agreement was signed between the Hama city council and a private real-estate development company, pairing public land with private capital.
A Razed District Rebuilt
The Wadi al-Jawz area was demolished in 2013 under the former government. The Al-Yasmine project was first unveiled at a signing ceremony in Damascus in August 2025 attended by President Ahmed al-Sharaa.
Responding to local concerns, the governor denied that any of the projects were being built on seized or usurped land, following a dispute over plots east of the city.
Prices and Oversight
The governor said he expected property prices in the governorate to ease as new supply came online, and advised residents against rushing to buy. The head of the Syrian Investment Authority, Ahmed Rawad Ramadan, and Tourism Minister Mazen Salhani took part in the launch.