Known Also As: Bunyan Damascus Private Joint Stock Company;

Country: Syria;

Address: Marota City, Eastern Villas, Mazeh, Damascus 096311, Syria;

Organization Established Date: Apr 2018;

Organization Type: Construction of buildings

Activities:

In early 2018, Damascus Cham Holding Company established a new joint venture named Bunyan Damascus Private Joint Stock Company (Bunyan) with private sector investors Apex Development and Projects LLC (Apex) and Tamayoz LLC. Valued at 15.2 billion Syrian pounds ($34.8 million equivalent) at the time of its creation, Damascus Cham Holding holds 60 percent of the shares in Bunyan, which will develop two mixed-use properties on expropriated land in Marota City with a total built-up area of 30,000 square meters. Damascus Cham Holding Company provided the land for the joint venture’s development projects with Apex and Tamayoz LLC providing financing.

Bunyan is being designated pursuant to E.O. 13573 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Damascus Cham Holding Company.