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.
The Saudi Prince has announced that he met Syrian President, Bashar Al-Assad, in a private meeting in Lattakia on June 13.
Kempinski Hotels has signed contracts to manage two hotels under its brand in Syria, according to Duncan O'Rourke, Regional Director
The number of tourists visiting Syria posted an annual growth of 19.2 percent in 2006, according to the latest figures of the Central Bureau of Statistics.  
Dubai-based Coral International Hotels has signed a contract to manage a 5-star hotel in Aleppo starting the first quarter of 2008
The Ministry of Tourism will offer around 100 projects for investment and development during the 3rd Tourism Investment Market Forum taking place between 24 and 26 of April.
The Ministry of Tourism’s plan to offer three huge locations for development is expected to draw investments of over USD 13 billion


Syria Pharma
Damascus International Fairground
Carnegie Event - A Horizon for the Syrian Solution
Carnegie Middle East Center