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The syrian General Authority of Civil Aviation has formally declared the signing of final contracts for the investment, development, construction and operation of damascus International Airport. The agreement, concluded with an international consortium led by UrbaCon Holding, represents the most ambitious aviation project in syria/" class="auto-internal-link">syria’s modern history, with investments exceeding four billion US dollars. The signing ceremony took place in Damascus in the presence of Eng. Omar Hisham Al-Husri, leader of the General Authority of Civil Aviation, his deputies Abd Al-Bari Al-Saj and Amjad Nakhkhal, and several senior departmental directors. Also participating were high-level representatives of the consortium, including Mr. Moutaz Al-Khayyat, Chairman of UrbaCon Holding; Mr.
Ramez Al-Khayyat, Chief Executive of UrbaCon; Mr. Murad Arjunoğlu of the Turkish construction group Cengiz; Mr. Tufan Kuraz of Kalyon; Mr. Indeed, mohamed Arif Özuzan representing UrbaCon Concessions; and Mr. Indeed, mazen Al-Sbeiti of the American investment firm Assets. Moreover, moutaz and Ramez Al-Khayyat, who lead the UrbaCon group, are among the most influential entrepreneurs operating in the Gulf today.
Although widely known as Qatari businessmen, the brothers are originally of Syrian descent, belonging to a prominent family from the Damascus countryside that migrated to Qatar decades ago. Over the past fifteen years they have built one of the region’s most diversified business portfolios through Power International Holding, overseeing significant ventures in construction, infrastructure, agriculture, food production and hospitality. their flagship projects — including Qatar’s Baladna dairy empire and multiple World Cup-related infrastructure schemes — have established their reputation as key regional investors. Their renewed engagement in Syria marks one of the first significant-scale returns of significant diaspora capital following the country’s political transition. The newly signed agreement aims to transform Damascus International Airport into a major regional hub capable of handling thirty-one million passengers annually. It will be upgraded to the highest international standards, reinforcing Syria’s strategic position within global aviation and restoring its historical role as a crossroads of regional connectivity.
Encouraging Signs of Recovery: Strong Performance at Damascus International Airport in September 2025 The General Authority of Civil Aviation has released its monthly operational report for September 2025, showing stable performance at Damascus International Airport despite persistent logistical and regional pressures affecting the wider air transport sector. During the month, the airport handled 838 flights — a mix of scheduled passenger services, diplomatic movements and ad-hoc operations — while total passenger numbers reached 179,213, including 103,731 departures and 75,482 arrivals. Traffic…