Several large Gulf Real Estate Developers have put forward bids to develop the three major tourist compounds offered by the Ministry of Tourism in Lattakia, Palmyra and on the shores of Lake Assad.
Intourist Sinara, a Russian consortium, laid down on June 11 the foundation stone of a new 4-star tourist resort in Lattakia.
The Ministry of Tourism has awarded contracts to develop and operate seven sites it had offered during the 3rd Tourism Investment Market Forum held late April 2007.
The Four Seasons Hotel in Damascus has hired a new General Manager, according to a press release from the company.
The Kharafi Group of Kuwait has announced that it had established the company that will develop and manage the Intercontinental Damascus Hotel (IDH).
The Four Seasons Hotel in Damascus posted a significant hike in activity in 2007 and was a major growth drive for Kingdom Hotel Investments, its majority owner.
The Syrian Arab Company for Tourist Resorts announced after-tax profits of SYP 200 million during its 2007 fiscal year.
The number of tourists visiting Syria last year reached 3.19 million, according to the Ministry of Tourism.
Mövenpick Hotels & Resorts is the latest international hotel management chain to announce its entry in Syria.
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.


Food Expo 2019
Damascus International Fairground
Tax Revision Committees
Damascus Chamber of Commerce