A 500-million Syrian pound ($9.64 million) proposal was recently submitted to the Syrian ministry of Tourism by the Mazkuf Investment Group, for the construction two hotels along the southern boardwalk of Latakia.
The first proposal consists of establishing a five-star hotel, equipped with luxury apartments, swimming pools, restaurants and a boat dock, reported the official Al-Baath. The second plan proposes a neighboring four-star hotel facility. A special committee has been appointed by the ministry to evaluate both proposals.
A joint venture between the Syria's Arab Development Group and Saudi Arabia's Bin Laden Group has recently commenced construction works on the Afamya Tourism Resort Project, a $40-million five-star hotel complex in Latakia port.
The Syrian government has adopted a 20-year tourism development plan, providing investor incentives such as tax breaks and promising to streamline the processing of tourism project applications.
Latakia’s beach stretch is the one of the most popular on the eastern Mediterranean, distinguished by soft sand and moderate weather. Two luxury resorts are situated a few miles north of the city—Cham Cote d'Azur Hotel and L’Merdien Latakia Hotel—as well as a sports complex, built for the Mediterranean games held in 1988. The city’s resorts offer various activities including water-skiing, jet skiing and windsurfing.
Situated 341 Kilometers from the capital of Damascus and only 183 Kilometers from Aleppo, Latakia is Syria’s main seaport on the Mediterranean. The city offers as a base from which to explore the coastal regions of the country. — (Mena Report)
© 2001 Mena Report (www.menareport.com)
