Syrian developer Souria Holding has selected Consolidated Contractors Company (CCC) as the exclusive design-build contractor for the $600m Damascus Financial Center (DFC) in Syria,

The two parties signed a memorandum of understanding (MoU) on 6 July. The agreement covers design management, engineering, procurement, construction, testing and commissioning, handover and defects liability services. Souria Holding chairman Haytham Joud and CCC chairman Samer Khoury signed the agreement.

Souria Holding is developing the project in partnership with the Governorate of Damascus. The developer says the scheme is intended to support the city's long-term economic revitalisation and urban development.

The mixed-use development sits on Plot 47 in the Western Hejaz regulatory area of Damascus' Baramkeh district. The site covers about 32,000 sq m and the development will have about 380,000 sq m of built-up area, making it one of the largest mixed-use schemes planned in Syria.

The DFC comprises a five-star hotel with hotel rooms, furnished apartments and serviced apartments; two residential towers; three grade-A office towers on a core and shell basis; retail and commercial space at ground and underground levels; and four basement levels for parking and supporting infrastructure.

The first phase of the construction involves the delivery of three office building, with a total above ground built up area of 72,000 sq m. The completion date if Q4 2028.

Lebanon’s Dar Al-Handasah is the frontrunner for the design consultancy role working for CCC as the design and build contractor.