Income generated by the Ministry of Tourism from three out of the six 5-star hotels it owns grew significantly last year, according to statistics from the Ministry.
Qatari Diar is inviting local and international companies to participate in a pre-qualification bid for the execution of the marine works for the Ibn Hani tourist project, located 10 km from Lattakia city.
Accor, the French hotel operator, has quit Syria before even having begun management of the Sofitel Afamia Hotel in Lattakia.
Bab Al-Faraj Company is completing its capital increase through a public subscription offer that started on December 2 and will last until December 26.
Beit Al Mamlouka, Damascus’ first boutique hotel, has been sold by its owner, May Mamarbachi.
The Ministry of Economy has granted a license for the establishment of a new company including a number of prominent Syrian businessmen.
Kempinski Hotels will manage three hotels in the city of Damascus between 2008 and 2010, following an agreement with the NESCO Group of Saudi Arabia.
The Syrian Commission on Financial Markets and Securities has given its nod to Bab Al-Faraj Company to raise SYP 500 million through a capital increase.
Three of Syria’s top 5-star hotels will be offered for investment to international hotel management firms within a few weeks.
The Syrian President laid on September 10 in Tartous the foundation stone of a new USD 72 million tourist complex, the Chahin Resort.
The impact of the tourism sector on the Syrian economy will represent 13.4 percent of GDP in 2007 according to a report from the World Travel and Tourism Council.
A group of leading Syrian businessmen have founded a tourism investment and management firm under a Presidential decree.
Income generated by the Ministry of Tourism from the six 5-star hotels it owns fell significantly last year according to statistics from the Ministry.
Bab Al-Faraj (BAF) is raising USD 10 million through an IPO to fund several investments in Aleppo.
Cham Holding’s first venture, a restaurant and café compound, opened in Lattakia on July 7.


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