You are viewing 1 of your 2 free articles
Joint venture to build hotel, residences and commercial space in the capital
Syria’s Ministry of Tourism, in partnership with Ezdihar Holding, has outlined plans for a mixed-use development in Damascus, budgeted to cost between US$250 million and US$300 million, as authorities look to rebuild tourism capacity in the capital city.
The Beaumont, which will cover 77,000 square metres near Umayyad Square, is scheduled for phased delivery over four years and will then operate under a 50-year joint venture agreement.
Plans centre on two towers along the Barada River, including a 150-room hotel and a residential component comprising serviced apartments and duplex units.
The wider development includes a retail centre, an outdoor promenade with cafés and restaurants, and a 10-storey business centre aimed at corporate tenants.
RELATED:
Syria tourism to relaunch Seven Gates hotel in Damascus
Etihad to launch direct Abu Dhabi to Damascus service
AI and small-group demand reshape tour packages
Mazen Al Salhani, Minister of Tourism, said the project is part of efforts to revive tourism activity, attract investment and support job creation. The scheme is expected to create between 1,500 and 2,500 jobs, as well as up to 3,500 additional indirect roles.
As part of the agreement, Ezdihar Holding will fund a training programme for 30 Ministry employees at Saïd Business School, University of Oxford, covering hospitality, project management and tourism investment.
The project follows a series of recent developments in Syria’s travel and tourism sector, including new airline launches and the return of international air connectivity as operators begin to re-enter the market.
For more information, visit mots.gov.sy