Dubai builder Arabtec has been awarded the contract to build a new five-star hotel valued at $120m in the Syrian capital city of Damascus.
The 338-room Yasmeen Rotana Hotel is being developed by Bena Properties, a member of Cham Holding and the parent company of Al Fajr S. A. of Syria, according to a statement by Arabtec on Monday.
The hotel, which will cost about $67m to build, will be located on the Damascus - Beirut highway, 35 minutes from Damascus International Airport, Arabtec said.
“We are very excited about our new project in Syria. Our first project, the 8th Gate for Emaar-Syria Invest Group Overseas (IGO) is almost complete, and we are targeting this market aggressively," said Riad Kamal, CEO of Arabtec Holding.
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The hotel will have three restaurants an executive lounge, a 600-seat banquet hall, six meeting rooms, a spa, a fitness centre with swimming pool, a sky bar and a cigar lounge.
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