Aleppo Corniche Project – Development and Investment of Plot #1 at the Aleppo Western Ring Road Gateway

The Aleppo Western Ring Road Gateway Development Project represents a strategic urban development initiative aimed at redeveloping the western entrance of Aleppo City and transforming it into an integrated urban and investment corridor that combines entertainment, services, commercial activities, cultural spaces, and community facilities within a modern and sustainable urban environment.

Project Overview

Kayan Holding Group, through Takween Limited Liability Company, is responsible for the development and investment of Plot 1 of the Aleppo Corniche Project under a contract with Aleppo City Council for the occupancy, development, and investment of public parks within the Aleppo Western Ring Road Gateway – Plot 1, extending from Lairamoun Roundabout to the Fire Station at the end of Nile Street in Aleppo.

The project extends along the Aleppo Western Ring Road Gateway from Lairamoun Roundabout to the Fire Station at the end of Nile Street, covering an area of approximately 189,800 square metres, subject to final site handover and actual measurements.

The project aims to develop an integrated urban destination combining public parks and green spaces, recreational and sports facilities, restaurants, cafés, and supporting services, while preserving the site’s green character and enhancing its facilities and services.

The minimum investment allocated to the project’s studies, design, and implementation is USD 20 million.

Project Roles

Kayan Holding Group leads the project’s investment and development process through its specialized companies.

Takween Limited Liability Company
The contracting investor with Aleppo City Council and the holder of the rights and obligations arising from the contract.

Amaria Real Estate Development
The entity assigned to execute the project works in accordance with the assigned scope, approved plans, specifications, and required approvals.

Aleppo Corniche Company
The entity responsible for project management and operation, including oversight of services, maintenance, cleaning, safety, and operational coordination.

DIVA, Türkiye – Engineering Consultant
The contracted engineering entity responsible for preparing engineering studies and plans and providing technical coordination to complete the requirements for their approval.

Investment Metrics

Investment Size:

20 Million USD

Project Sector:

Urban Development

Project location:

Aleppo City – Syria

Investment Type:

Investment Partnership

Expected ROI:

Provided upon request.

Project Status:

Under Construction / In Execution

Investment & Development Lead:

Kayan Holding Group – Takween Company

Executing Entity:

Aleppo Corniche Company – Amaria Real Estate

Partner Entities:

DIVA Türkiye Company

Government Entities:

Aleppo City Council

Project Objectives

The Aleppo Corniche project aims to:

  • Develop public parks and open spaces and enhance the urban landscape of the Aleppo Western Ring Road Gateway.
  • Preserve green areas and existing trees while enhancing their maintenance and supporting services.
  • Develop recreational, family-oriented, and sports facilities serving Aleppo residents and visitors.
  • Develop restaurants, cafés, kiosks, and supporting services within the activities permitted under the project.
  • Upgrade the site’s internal infrastructure and organize traffic circulation, parking, pedestrian paths, and cycling routes.
  • Create direct and indirect employment opportunities and support economic activity associated with the project.
  • Establish an integrated management and operating system that ensures service quality and the long-term sustainability of the facilities.

Project Scope and Components

The project scope is limited to Plot 1 of the Aleppo Western Ring Road Gateway, within the boundaries defined by the contract and the actual site handover.

The contractual development program includes the following components:

Public Parks and Green Spaces
Development of landscaped and planted areas, promenades, seating areas, and relaxation spaces, while preserving existing trees and ensuring the maintenance and servicing of public areas.

Recreational and Family Facilities
An amusement park and family entertainment facilities, wedding halls, as well as free children’s play areas provided as part of the site’s public amenities.

Sports Facilities
A range of sports fields and facilities for various activities, in accordance with the approved functional program and plans.

Restaurants, Cafés, and Kiosks
Restaurants, cafés, and a variety of food and beverage kiosks within their designated areas.

Commercial Facilities
Commercial spaces incorporating retail outlets within a boulevard that combines shopping, entertainment, and family-oriented recreational activities.

Pedestrian and Cycling Routes
Pathways connecting the various project components and supporting safe mobility and outdoor activities.

Fuel Station
A fuel station included within the project’s contractual program, subject to the relevant plans, sector-specific approvals, and licensing requirements for its construction and operation.

Supporting Facilities and Services
Parking areas, a prayer facility, public restrooms, management facilities, cleaning and maintenance services, safety facilities, lighting, and internal infrastructure networks.

Land-Use Distribution

  • 50% Green and Planted Areas: Allocated to public service and maintenance and not permitted for commercial occupancy or investment.
  • 40% Open Areas: Including parking areas, roads, seating areas, and landscaped spaces, which may be occupied and invested in accordance with the contract.
  • 10% Covered Areas: Allocated to demountable structures in accordance with the approved functional program.

Detailed areas, capacities, and the locations of individual components will be determined through the approved plans and functional program.

Why Invest in This Project?

Strategic Location Connected to Aleppo’s Urban Corridors
The project extends along the Aleppo Western Ring Road Gateway between Lairamoun Roundabout and the Fire Station at the end of Nile Street, providing access to surrounding neighborhoods and visitors to the area.

Large and Clearly Defined Development Scope
The approximately 189,800-square-metre site provides substantial space for developing interconnected public, recreational, sports, and service facilities.

Integrated Project Components
The combination of parks, entertainment, sports, restaurants, and supporting services diversifies the visitor experience while creating multiple operational opportunities.

Established Contractual Framework
The contract governs the use of the site and defines the responsibilities associated with development, implementation, and operation, providing a clear framework within which participation opportunities can be evaluated.

Clear Institutional Structure and Roles
The project brings together Takween as the contracting investor, Amaria as an entity assigned to project implementation, and Aleppo Corniche Company as the entity responsible for project management and operation, all under Kayan Holding Group.

Potential for Phased Operation
The contractual framework allows for partial operation prior to the completion of the full implementation period, enabling completed components to be considered for opening once their respective licensing and safety requirements have been fulfilled.

Current Readiness

The project is currently under development and phased implementation pursuant to the duly ratified contract.

Current activities focus on completing studies and plans and securing their approvals, progressing site preparation works, organizing implementation packages, and developing the project’s components in phases.

Each component will move into operation following the completion of its works and the fulfillment of all applicable licensing, safety, and service requirements.

Project updates and completed works can be followed through the daily and monthly progress reports published on the project page.

Project Completed
0%

Investment Opportunity

The project offers opportunities for collaboration with investors and specialized operators across recreational and sports activities, restaurants and cafés, and other project-related services.

Each opportunity is evaluated according to the nature of the activity, the allocated area, fit-out and investment requirements, financing and operating requirements, and the available term within the rights granted to the contracting investor.

Participation models and the commercial and operational terms applicable to each component will be determined following evaluation, completion of the required approvals, and execution of separate agreements.

For more details and inofrmation

Conclusion

Aleppo Corniche Project within the Aleppo Western Ring Road Gateway Development

The Aleppo Corniche Project – Plot 1 is one of Kayan Holding Group’s urban development projects aimed at enhancing public spaces and urban services in Aleppo.

The project combines the rehabilitation and development of public parks and green spaces with recreational, sports, and service facilities within an integrated framework designed to enhance the experience of residents and visitors, stimulate economic activity at the site, and preserve its green character.

Project Updates

March, 2026

Memorandum of Understanding Signed & Project Foundation Phase Launched

The Memorandum of Understanding (MoU) for the development and investment of the Western Ring Road Area – Plot One was officially signed, marking the launch of the project’s foundation phase.

This milestone established the initial implementation framework, coordination mechanisms with relevant governmental entities, and the commencement of technical and administrative preparations required to initiate project execution.


April, 2026

Formal Coordination Initiated with the Syrian Investment Authority – Aleppo

In response to the requirements of the Syrian Investment Authority in Aleppo, Kayan Commercial Holding Group initiated the submission of the required technical and implementation documentation.

This included the preliminary execution timeline, formal readiness for site handover, adoption of a unified daily progress reporting system, and the formal designation of the project’s executive and engineering entities.

Additionally, the initial logistical master plan and preliminary operational concepts were submitted to support project readiness and implementation planning.


May, 2026

Transition from Planning to Engineering and Site Preparation

May marked the transition of the Aleppo Corniche Project from conceptual planning to active engineering and site preparation. The project’s execution framework was established, with the appointment of the engineering and implementation teams and the commencement of design development, technical studies, and engineering coordination.

During the month, the initial master plan for the first sector was developed, defining the main functional zones, circulation routes, and public spaces. In parallel, topographic and cadastral surveys were completed, site levels and initial planning boundaries were verified, machinery was mobilized, and preliminary site preparation, clearing, and grading works began.

The project’s first official technical progress report was also issued, outlining a phased 24-month implementation roadmap and a phased operational model that allows completed areas to open progressively. The report also introduced a plan for interim public-space improvements to maintain public accessibility throughout the implementation period.

Attached File 1: Technical progress report 1
Attached File 2: Technical progress report 2
Attached File 3: Technical progress report 3


September, 2026

Launch of Site Preparation and Preliminary Works

During September, site preparation and preliminary works progressed across the Aleppo Corniche Project, including land grading, debris removal and hauling, as well as the clearing and preparation of sidewalks, side pathways, and median areas.

Works also included preparations for the installation of temporary site fencing and project signage, the designation of locations for site cabins and temporary facilities, and the removal and breaking of large debris and obstructions. Initial grading and level adjustment works also commenced within Sector R.

These activities marked further progress in preparing the site for the subsequent stages of implementation, while field teams continued coordinating site operations and addressing existing obstacles to facilitate the movement of machinery and maintain progress across accessible work areas.

Sep, 2026 Report

Daily Reports

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