Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

Arabtec wins the contract of building Yasmeen Rotana Hotel in Syria of $ 67 million


Gulfbase: Arabtec, a Dubai-based construction company, has been awarded the contract to execute the construction work of the Yasmeen Rotana Hotel, owned by Al Fajr S. A. of Syria.  Yasmeen Rotana is a 5-star hotel valued at over $120 million with a construction value of approximately $67 million. This five-star hotel is the first of many projects to be developed by Bena Properties, a member of Cham Holding and the parent company of Al Fajr S. A. of Syria.  The five-star Yasmeen Rotana is conveniently located in Mazzeh on the Damascus - Beirut highway, 15 minutes from the heart of Damascus and only 35 minutes from Damascus International Airport. The hotel will feature 338 rooms including three executive floors and three restaurants offering some of the world’s most popular cuisine, as well as 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.  Riad Kamal, CEO of Arabtec Holding stated, “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.” Hawazen Esber, CEO of Bena Properties, stated “Our partnership with Arabtec is based on their impressive track record in construction in general, and hotels in particular”.  With its contemporary design and distinctive Damascene tones, the Yasmeen Rotana promises to be one of the best hospitality venues in Syria. This property will be managed by Rotana, a leading hotel management company in the Middle East and North Africa.



Scarce liquidity in the PEX and 3G mobile networks in the West Bank by the end of January

launching 3G mobile networks in the west bank by the end of January

Relative quietness in the PEX with the increasing anticipation for the annual disclosures

WATANIYA discusses raising its paid-up capital to $293 million

The PEX opens the year 2018 in optimism

The PEX modifies AL-Quds Index composition for the year 2018



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013