The Saudi-Syrian Tourism Investment Company recently completed the first stage of the Damascus Four Seasons Hotel project, costing nearly four million dollars. Total costs of the project are estimated at $100 million, according to Al-Watan daily. A key-investor in the project is the Saudi Kingdom Holding Company, chaired by Emir Al-waleed Bin Talal.
The complex, whose construction will be completed in 2003, will consist of 305 rooms, 12 residential suites, a swimming pool, a sports club and three restaurants.
The Four Seasons hotel chain has been operating for 40 years out of Toronto, and is considered one of the world’s leading resort firms. Last year, the company opened its first Middle East Hotel in Cairo, with others planned in Jordan, Egypt, Lebanon, Saudi Arabia, and Qatar.
The hotel is projected to attract new up-scale customers to Syria, as well as boosting the country’s tourism sector. Over two million tourists arrived in Syria in the year 2000, with approximately eight million targeted by 2010. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)