Opportunity Overview

The Syrian Investment Authority, through its official investment map, is presenting an investment opportunity at Al-Maqsam 50 in the Al-Bahsa district of Damascus. The site is owned by the Damascus Governorate, and the total estimated project cost stands at 20 million USD.

Project Scope and Components

The opportunity offers two primary development options:

• Construction of a 4-star hotel with full ancillary facilities, including commercial markets, hotel rooms, beauty clinics, restaurants and terraces, event halls, sports and fitness centers, and business offices.
• Construction of a business tower with a total floor area of 20,300 square meters, complemented by an investment basement of 2,605 square meters.

Site Area and Development Model

The site covers an area of 648 square meters. The project is to be implemented under a BOT (Build, Operate, Transfer) model for a period of 35 to 40 years.

Sector and Location

The project falls within the tourism sector and is situated in the Al-Bahsa district of Damascus Governorate, placing it in a strategic location within the Syrian capital.