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Fouad Takla construction completes Four Seasons Damascus
Tuesday, January 31, 2006
The Four Seasons Damascus, overlooking the ancient city and a symbol of the Syria’s promising prosperity, has opened its doors as the first five-star hotel to be launched in the Syrian capital in almost a quarter of a century.

The Four Seasons Damascus results from laws encouraging foreign investment, which saw its construction under Saudi Arabian magnate Prince Al-Walid Bin Talal.

One of the leading projects in Damascus, the building was successfully carried out by Fouad Takla Construction and is the latest in a long line of high-profile, prestigious projects developments undertaken by the company in Syria.

Omar Takla, Fouad Takla Construction Company’s Managing Director commented: “Completion of this important project which will play a decisive role in Syria’s expanding tourism industry has positioned us at the forefront of the private companies which are helping to build a prosperous future for the country based on free enterprise.”
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Takla added: “Syria’s construction industry, previously the exclusive domain of the country’s public sector, is now at the heart of the competition, generated by free enterprise, and the industry has been the engine of its economic transformation. Private Syrian companies have been able to engage in joint ventures with foreign partners in the evolving economy, led by the reforms of British-educated President Bashar Al-Assad.”
Rania Deimezi - Tuesday, January 31, 2006
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How will the currently developing financial crisis and oil prices rally affect the tourism industry?.

they will have temporary and minimal effect and the situation will stabilize in a year or two

we should be looking at a restructuring in the international tourism movements and trends

it is still too early to access the impact on world tourism, medium or long term

we will see more tourism closer to home, and less international travel

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