Syria's Civil Aviation Authority Signs Final Concession Contracts With UCC-Led Consortium for $4 Billion Damascus Airport Rebuild
Syria’s General Authority of Civil Aviation signed the final concession contracts for the development, expansion, construction and operation of Damascus International Airport with a consortium led by UCC Holding, with Cengiz and Kalyon of Turkey and Assets Investments of the United States. SANA’s report that day says the authority finalized the contracts, under a $4 billion agreement.
UCC’s release says the project includes a USD 250 million financing program for the purchase of new aircraft.
A later SANA item says the authority signed final contracts in December last year. Another says the General Authority of Civil Aviation and Air Transport signed final contracts on Dec. 25.
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Sources & Citations
[1]
Syria signs $4 billion contracts with global partners to expand Damascus Airport
— Syrian Arab News Agency (SANA)
· Nov 24, 2025
Tier 1
[2]
USD 4 Billion Investment and a capacity of 31 million passengers per year (company release)
— UCC Holding
· Nov 24, 2025
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[3]
Civil aviation chief inspects Damascus airport expansion project
— Syrian Arab News Agency (SANA)
· May 3, 2026
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[4]
First two aircraft arrive as Syrian Airlines launches fleet-upgrade program
— Syrian Arab News Agency (SANA)
· Aug 30, 2026
Tier 1
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The Cascade Ledger. “Syria's Civil Aviation Authority Signs Final Concession Contracts With UCC-Led Consortium for $4 Billion Damascus Airport Rebuild.” The Capture Cascade Timeline, November 24, 2025. https://capturecascade.org/event/2025-11-24--syria-civil-aviation-authority-signs-final-concession-contracts-ucc-consortium-damascus-airport/