UAE and European investors to participate in new Syrian project

Published January 9th, 2006 - 07:18 GMT
Al Bawaba
Al Bawaba

Syria's Higher Investment Council has given the green light to the establishment of a US$15 billion investment project in the area of Jabal Al-Sheikh, west of Damascus, said Syrian Investment Office Director Mustafa Al-Kafri.

 

According to Kuna, Al-Kafri said that investors from the UAE and Europe would be engaged in the project, which is located over an area of 7,000 hectares and includes hostels, motels, entertainment parks, business centers, and banks, as well as tourism and cultural areas.