Lattakia (665)


The Syrian Investment Agency awarded 400 investment licenses to projects across Syria in 2010, including more than half in the manufacturing sector, a figure well above the previous year’s number.

The containers’ traffic at the Port of Lattakia declined 5.6 percent last year in line with the decrease in bulk trade.
Bilateral trade between Syria and Turkey expanded 43 percent last year to reach a total of USD 2.5 billion, as Turkey’s presence across various sectors of the Syrian economy is increasing at a fast pace.
Bulk trade marked a slight slowdown in the two ports of Lattakia and Tartous last year, according to the Ministry of Transport.
The UNDP is launching a request for proposal (RFP) for the procurement of a Hospital Management Information System.
The number of containers handled by the Port of Tartous increased by 16 percent on a year-on-year basis as at the end of September.

Syria’s wheat crop crossed the 3 million ton mark this year according to statistics published recently by the Central Bureau of Statistics.


It rained and snowed across Syria on December 12, 13 and 14, leading to major traffic disruptions around Damascus but also bringing relief as the country feared it would face another year of drought.


Porto Village Hotel, a hotel located in the Porto Tartous Development, previously known as Antaradus, will open its doors next month, according to Wahoud Group, the company developing the project.


Al-Ghab Sugar and Deir-ez-Zor Sugar, two state-owned sugar refineries, have issued tenders for the building of water treatment stations in their plants.



Souria Holding has signed an agreement with Banque Bemo Saudi Fransi (BBSF) to lead a syndicated loan for the financing of its Abraj Souria development in central Damascus.


Jumeirah, a UAE based group, will manage the 5-star hotel that will be part of Abraj Souria, a development by Souria Holding in the Baramkeh district of Damascus.


Tofarco, a Cypriot developer, has been selected by the Syrian Government to develop a pilot zone in the Snobar project, one of the largest real estate developments in the country.

A recent Presidential decree is expected to help increase the supply of real estate properties in Syria’s main cities by forcing land owners to build.

Bena Properties has announced that excavation works at Taj Halab had begun.

The number of investment projects that were licensed by the Syrian Investment Agency in the first nine months of this year, or a year-on-year increase of 74 percent.

Dedeman Hotels and Intourist Sinara have formally signed a management contract for the 4-star Joul Jammal Resort the latter is developing in Lattakia.


The English transcript of statements made by Syrian President Bashar Al-Assad and Turkish Prime Minister Recep Tayyip Erdogan in Damascus on October 11, 2010.

Qatari Diar, the real estate development arm of the Qatari Government, will build and manage 13 underground car parks in Damascus starting next year, according to Nassouh Nabulsi of the Damascus Governorate.
Turkey has provided a credit line of EUR 180 to Syria for the financing of infrastructure projects, according to Mohammad Hussein, Minister of Finance.

Mina Mall, one of Tartous’ first commercial malls, will open its doors early October.


Kulczyk Oil, a company searching for oil in Syria’s coastal region, has announced that Mena Hydrocarbons had agreed to buy a stake in the Block 9 production sharing agreement.


The Ministry of Transport has released half year figures for various sectors of the transport industry.


The number of branches and offices run by private sector banks in Syria increased by around 13 percent in the first half of this year.


Several small and medium-sized Syrian cities will witness the opening of university faculties next year.


The Syrian Investment Agency has announced that it had given a license to some 232 new investments in the agricultural, manufacturing and transport sectors in the first half of this year.


Accor has signed an agreement with Bena Properties to manage its first two properties in Syria under the Novotel and Ibis brands.

Arafeh Holding, a local manufacturing and trading group, mainly specialized in pharmaceutical products is diversifying into the hospitality sector.

Syria and Iran have laid the foundation stone of a joint university to be built in Lattakia.

The Ministry of Tourism has taken over the management of the Ebla Cham Hotel in Damascus from its operator, Cham Palaces and Hotels Group.
The Central Bank of Syria has licensed three new money exchange bureaus.
The number of vehicles registered in Syria stood at 1.7 million at the end of 2009, an annual increase of 200,000 or 14 percent, according to the Ministry of Transport.

Bottling and Trading Olive Oil

A Syrian investor will build a cable railway in a tourist site located near the city of Lattakia, after decades when they were banned in Syria.
The average rate charged by “quality hotels” in Damascus rose to USD 236 in 2009, while occupancy rate fell by 8 percent on average, according to a recently industry report.

The number of business projects that have received a licence by the Syrian Investment Agency in the first quarter of 2010 increased by 87.5 percent compared to the same period of last year.

The Container Terminal of Tartous, managed by International Container Terminal Services, Inc. (ICTSI), a Filipino firm, saw an increase of 23 percent in the volume of goods handled in the first quarter of this year.

Nasair has announced that it would add Aleppo to the destination its services, with the launch of two new routes from Riyadh and Jeddah.

The Tourism Investment Forum held in Damascus between April 27 and 29 offered some 91 hospitality projects across Syria to potential investors.
Flydubai, the low cost carrier, has announced that it was launching a new service to Lattakia next June, its third destination in Syria.

Bena Properties laid down on April 24 the cornerstone of its first project, the Yasmeen Rotana Hotel.


Dedeman Hotels and Resorts International will manage a new hotel in Lattakia, the fourth property in its Syrian portfolio.

Souria Holding, one of the country’s largest holding firms, has announced the appointment of Marwan Midani as its new Chief Executive Officer.
Visemar Line is to start operations on May 20 with a ferry service linking Venice with the Syrian port of Tartous, besides the Egyptian Port of Alexandria.
Loon Lattakia, a wholly-owned subsidiary of Kulczyk Oil, plans to begin drilling in Block IX next year, according to Edwin Beaman, Vice-President for Operations and Engineering.
Al-Aqeelah Takaful, one of Syria’s two Islamic insurers, plans to list in the Damascus Securities Exchange before the end of the year, as its first quarter premium income has doubled, Firas Al-Azem, its General Manager, said.

Johnny R Saadé Holdings has launched the first Syrian-branded wine, “Domaine de Bargylus”.


The Syrian Investment and Development Corporation (SIDC), a newly-established company, has announced the launch of several real estate and hospitality projects worth some USD 3 billion in Syria. The Syria Report has talked with Hicham Al-Eitouni, Advisory board member, on the company's projects.

The Syrian Cabinet has set a deadline of the end of this summer for the completion of the Lattakia-Ariha motorway.

Set up of hypermarket and commercial