Al-Sham Hotels Company expands into Arab World

Published February 11th, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

The Syrian Arab Tourism Enterprise Company, known as Al-Sham Hotels, is planning to expand into Lebanon, Iraq and Jordan, reported Al-Quds Al-Arabi . Celebrating its 25th anniversary, The Chairman of the Board of Al-Sham Hotels, Othman Aedy, stated that his company has doubled its capital value and shareholder number by 60 folds over the past 25 years. After satisfying Syria’s needs for five-star hotels, the Al-Sham Company is currently building a new chain of three and four star hotels in Syria. — (menareport.com 

© 2002 Mena Report (www.menareport.com)