Raqqa Industrial & Crafts Zone Project

Raqqa Industrial & Crafts Zone Project aims to establish an organized industrial and crafts hub in Raqqa Governorate, bringing together productive spaces, services, and infrastructure within an integrated development framework that supports business activity and contributes to the growth of the local economy.

Project Overview

The project aims to develop an integrated industrial and crafts zone in Raqqa Governorate to organize industrial, crafts, and professional activities and provide a modern, fully serviced environment that supports production, investment, and local economic activity.

The Raqqa Industrial & Crafts Zone Project is one of the governorate’s industrial and investment development projects. It seeks to establish an integrated environment capable of accommodating industrial, crafts, and professional activities within a modern and fully serviced zone, providing organized spaces for industrial operators and craftspeople while creating opportunities for new investments and productive activities.

Kayan Holding Group and the Turkish company MYB signed the project’s construction and development contract with Raqqa City Council on 3 September 2026, during the 63rd Damascus International Fair, following the previously signed Memorandum of Understanding for the development of the project.

Project Roles

Kayan Holding Group
Leads the investment vision, planning, and design studies and coordinates with public authorities as part of the project’s investment and implementation consortium.

MYB, Türkiye
Acts as both a project partner and the executing entity within the consortium, undertaking implementation and execution coordination in accordance with the contract, approved plans, and the agreement governing the relationship between the two partners.

Raqqa City Council
The contracting public entity and provider of the project land, responsible for the obligations, procedures, and actions falling within its jurisdiction in accordance with the contract.

Raqqa Governorate & Syrian Investment Agency
Responsible for the endorsement and official procedures associated with the project, while the project contract is concluded with Raqqa City Council as the contracting government entity.

Investment Metrics

Investment Size:

195M USD

Project Sector:

Urban Development, Manufacturing & Industrial

Project location:

Sahl Al-Banat, Raqqa, Syria

Investment Type:

Investment Partnership

Expected ROI:

Provided upon request.

Project Status:

Under Construction / In Execution

Investment & Development Lead:

Kayan Holding Group

Executing Entity:

MYB, Türkiye

Partner Entities:

MYB, Türkiye

Government Entities:

Raqqa City Council

Project Objectives

The project aims to:

  • Organize industrial, crafts, and professional activities within a dedicated and fully serviced zone.
  • Provide suitable units and spaces for craftspeople, industrial operators, and workshop owners.
  • Develop infrastructure and supporting services for production and commercial activities.
  • Contribute to relocating activities that are unsuitable for residential areas into a more organized environment.
  • Support small-scale industries, supply chains, and related services.
  • Create employment opportunities and stimulate economic activity across Raqqa Governorate.

Project Scope and Components

The initial development concept includes units dedicated to metalworking, carpentry, aluminium and glass works, automotive maintenance, mechanical and electrical services, and light crafts, in addition to warehouses, showrooms, a market or specialized mall for spare parts, and showrooms for vehicles and agricultural tractors.

The project also includes roads, operational yards, internal infrastructure networks, prayer facilities, medical and first-aid points, emergency facilities, and other necessary supporting services.

The final project components, areas, and spatial distribution will be determined in accordance with the approved plans and contractual annexes.

Why Invest in This Project?

The project is designed to address the need to organize industrial and crafts activities and provide appropriate spaces for their operation within an integrated development that combines productive units, commercial and professional services, and supporting infrastructure.

The diversity of the project’s components enables it to serve a broad range of industrial operators, craftspeople, and business owners, while providing the potential for phased development and linking the delivery of units to the readiness of infrastructure and supporting services.

Current Readiness

The Raqqa Industrial & Crafts Zone Project has progressed through several key stages:

Opportunity Development & Initial Coordination
Development of the project’s investment concept and coordination with the relevant government entities.

Memorandum of Understanding
A Memorandum of Understanding for the establishment and development of the Industrial & Crafts Zone was signed between Raqqa City Council, Kayan Holding Group, and MYB during Buildex 2026.

Construction & Development Contract
On 3 September 2026, the construction and development contract for the Industrial & Crafts Zone was signed with Raqqa City Council during the Damascus International Fair, in the presence of Raqqa Governorate and the Syrian Investment Agency.

Project Development & Implementation
The project is progressing toward the development and implementation stages in accordance with the approved plans and implementation program.

Project Completed
0%

Investment Opportunity

The Raqqa Industrial & Crafts Zone Project represents an opportunity to participate in the development of a new industrial and crafts ecosystem serving a broad base of industrial operators, craftspeople, and business owners within an integrated development combining industrial development, infrastructure, commercial and professional services.

The scale of the project and the diversity of its planned activities provide opportunities for investment and operation across industrial and crafts units, commercial and professional services, supporting facilities, and logistics and operational services associated with the zone.

For more details and inofrmation

Conclusion

Raqqa Industrial & Crafts Zone Project aims to establish an organized industrial and crafts hub in Raqqa Governorate, bringing together productive spaces, services, and infrastructure within an integrated development framework that supports business activity and contributes to the growth of the local economy.

Discuss This Investment Opportunity

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