Known Also As: Apex Development and Projects LLC; Al ‘Qima Development and Projects LLC; Summit Development and Projects LLC;
Country: Syria;
Address: Rural Damascus, Syria;
Organization Established Date: 17 Jan 2018;
Organization Type: Real estate activities with own or leased property
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.
Nazir Ahmad JamalEddine is the 90 percent shareholder of Apex Development and Projects LLC. Nazir Ahmad JamalEddine, Apex Development and Projects LLC, and Tamayoz LLC are being designated pursuant to E.O. 13582 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services in support of, the Government of Syria.
Nazir Ahmad JamalEddine, Apex Development and Projects LLC, and Tamayoz LLC are also being designated pursuant to the Caesar Act for knowingly providing significant financial, material, or technological support to, or knowingly engaging in a significant transaction with, the Government of Syria (including any entity owned or controlled by the Government of Syria) or a senior political figure of the Government of Syria.
Damascus Cham Holding Company is being designated pursuant to E.O. 13573 for being an agency or instrumentality of the Government of Syria, or owned or controlled, directly or indirectly, by the Government of Syria or by an official or officials of the Government of Syria.
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