First Published: 2005-12-20

 
Syria unveils 15 billion dollar tourism project
 

Project, to be built on mount Hermon, will include hotels, shopping centres, skiing other sports facilities.

 

Middle East Online

The project is expected to be carried out over the next 15 years

DAMASCUS - Syria has unveiled plans for a 15-billion-dollar tourist resort to be built on Mount Hermon, overlooking the Israeli-occupied Golan Heights and Lebanon, the press quoted an official Tuesday as saying.

The project, to include hotels, shopping centres, skiing and other sports facilities reachable by cable car, is to be developed by an unspecified group of Syrian, Kuwaiti and Saudi investors, said Mustapha Kafri, director of the country's investment authority.

The government has given its tentative go-ahead on the project, which is expected to be carried out over the next 15 years.

Mount Hermon is 2,814 metres (9,232 feet) high, and is the largest mountain in either Syria or Israel. The southern and western slopes of the mountain were captured by the Jewish state during the 1967 Arab-Israeli war.

Kafri characterised 2005 as the "year of investment" in Syria. Some 70 projects presented by Syrian investors, worth 1.6 billion dollars, were approved by the state's Superior Investment Council in September.

Economists estimate that eight to nine billion dollars in investment is needed each year to produce a seven percent gross domestic product growth rate in Syria, compared to around four percent currently.

 

Gaza civilian toll spiralling to above 800

Jordan shots down drone near Syria border

Sadly no survivors on Air Algerie flight crash

Two rival Islamic states in Syria power struggle

Ordeal of ‘apostasy’ woman ends with departure from Sudan

Crete protest against Syria chemicals destruction in Mediterranean

74 killed in IS assault on Syria regime territory

Iran confirms arrest of Washington Post correspondent

Somali 'Shebab commanders' killed in AU offensive

Paris: survivors of Air Algerie jet crash 'unlikely'

UN urges Europe to tackle Mediterranean migrant crisis

From Israel with ‘virus’: Death threat letter reaches Palestinian mission in France

Another bloody day as Israel targets civilians in UN-run school

‘Islamic State’ launches multiple attacks on Syria army

Attack on Egypt army post bears fingerprints of foreign intelligence

Harassment of Christians escalates in Islamist-run Sudan

Air Algerie plane goes missing over Mali

Algeria plane with many French nationals on board vanishes over Mali

Iraqi protesters denounce treatment of minority Christians

Iraq elects Kurdish politician as federal president

Russia begins supplying military equipment to Iraq

Air Algerie plane contact lost over west Africa

South Sudan warring sides to resume peace talks

Baghdad closer to breaking political limbo

Spectacular attack on Iraq prisoner convoy

Gaza death toll passes 700 mark

Mladenov pleads for UN help to end IS 'atrocities' in Iraq

Hamas hails suspension of Israel flights as 'great victory'

Lebanon army records first case of desertion to join Syria Nusra Front

Iraq gunmen kill female former candidate for parliament

Kerry cites ‘some steps forward’ in Gaza truce efforts

Turkey hunts for nine intelligence officers in wire-tapping probe

Suspension of hostilities in Gaza to allow medical assistance

Assassination of famed Somali musician and lawmaker

Sisi defends Egypt in trying to broker Gaza truce

Syria welcomes nomination of Staffan de Mistura as new UN envoy

Iraq lawmakers stall presidential election as violence yields grim crop of bodies

Yemen president calls for unity

Etihad helps Jet Airways return to profit

Is Tunisia returning to old regime censorship?

Qatar emir in unannounced visit to Saudi

HRW: Iraq air strikes wreaking awful toll on civilians

Kuwait revokes pro-opposition TV, newspaper licences

Twin suicide bombing shakes Libya's Benghazi

Islamic State expands into tourism in Syria, Iraq