Preliminary score from screening — confirmed after evaluation
Estimated cost
SYP 155M
Net present value
SYP 158.2M
Internal rate of return
36.8%
Payback period
2.6 years
Rank in the 2027 plan
#7
of 9 candidates
Gate into «Submitted»DecisionGoDate4 March 2026DraftComplete
Gate into «Initial review»DecisionGoDate9 June 2026SubmittedComplete
Gate into «Feasibility»DecisionGoDate14 September 2026Initial reviewComplete
Gate into «Evaluation»DecisionNot held yetNext gateFeasibilityCurrent stageCurrent stage
Gate into «Committee review»DecisionNot held yet5EvaluationNot started
Gate into «Approved»DecisionNot held yet6Committee reviewNot started
Gate into «Prioritized»DecisionNot held yet7ApprovedNot started
Gate into «Converted to project»DecisionNot held yet8PrioritizedNot started
9Converted to projectNot started
The request as filed
What the requester wrote on the intake form
Problem
Homs old souq and its covered markets were damaged; hundreds of craft and trade shops closed and their owners moved to the city’s edges.
Current state
62% of the shops are closed, the stone roofs of three markets are at risk of collapse, and most of the souq has no working power or drainage.
Objective
Rebuild the souq in phases while keeping its heritage character, and reopen 80% of the shops within three years.
Expected scope
Documenting the current state, strengthening roofs and walls, power, water and sewer networks, stone paving, and a return programme for shop owners with Homs Governorate and the city council.
Expected benefits
Revenue
Trade activity of about SYP 110M a month back in the souq
Productivity
600 craftspeople back in their workshops
Compliance
A registered heritage site protected under the antiquities rules
