Mohamed Alabbar

Businessman, Real Estate Developer, Entrepreneur

Emirati Dubai, United Arab Emirates

Reports said Alabbar was planning a $20 billion Syrian reconstruction venture covering housing, tourism, and business developments in Latakia and Damascus. The project was described as one of the largest private-sector commitments to Syria’s rebuilding effort.

Alabbar said his team had set aside Dh5 billion to acquire distressed projects in Dubai but had not found suitable targets. The comments underscored continued investor confidence in Dubai’s property market despite broader regional uncertainty.

Alabbar said Noon planned to launch operations in Syria, expanding the e-commerce platform into a new market. He shared the announcement in a video posted on X and framed the move as a sign of local talent and commercial potential in Syria.

Alabbar said he planned to invest up to $18 billion in Syria across varied projects as Damascus sought foreign investment to rebuild its economy. The reported plan highlighted a major expansion of his regional development ambitions beyond the UAE.

Mohamed Alabbar led an Emirati business delegation to Syria to discuss investment opportunities with President Ahmad Al Shara and other senior officials. The trip focused on exploring reconstruction and development prospects in the country as Syria sought to accelerate rebuilding efforts.