Tourism Investment in Syria
We develop and invest in tourism facilities, hotels, and resort developments in Syria. Offering hospitality management, heritage property restoration, and business investment tours for investors and expatriates under Investment Law No. 18 of 2021 and its amendments.
Hospitality experiences with value
We assess opportunities in hospitality, facilities, and tourism services that combine operating appeal with long-term value. Approved projects, images, and programmes can be added by the business team as they become available.
Tourism and Service Investment Sectors
Tourism Real Estate and Hotel Development
We undertake the study and establishment of hotel projects, as well as beach and mountain resorts. Our services encompass urban planning, the acquisition of land designated for tourism, and the management of construction and development processes in accordance with the highest global hospitality standards.
Investing in Heritage Homes and Buildings
Transforming historic houses and buildings in old cities (such as Damascus and Aleppo) into boutique hotels and luxury tourist restaurants, while preserving their architectural identity and integrating them into the tourism investment sector.
Investment Tourism Programs for Businesspeople
Organizing tailored field and exploratory visits for investment delegations and expatriates to view active investment opportunities, visit development zones, and hold direct meetings with relevant authorities and development funds.
Operational Readiness and Licensing
Managing and operating tourism facilities, and obtaining all necessary tourism licenses and approvals from the Ministry of Tourism and the Investment Authority, while leveraging comprehensive customs and tax exemptions granted to tourism projects.
Frequently Asked Questions About Tourism Investment
What facilities and exemptions are granted to tourism investment projects in Syria?
Tourism projects are subject to the provisions of Investment Law No. 18 of 2021 (as amended by Decree No. 114 of 2025). They are granted a full customs exemption (0%) on all materials, equipment, and furnishings imported for the tourism facility, in addition to income tax exemptions of up to 75% and facilitations regarding the import of tourist transport vehicles.
How does "Ethmaar" contribute to transforming heritage houses in Old Damascus into boutique hotels?
Ethmaar provides comprehensive feasibility studies for the acquisition of heritage houses and buildings and secures the necessary approvals from the Directorate-General of Antiquities and Museums and the Ministry of Tourism. It also provides specialized engineering supervision to ensure the property is restored and repurposed into a high-end hotel or hospitality facility, thereby maximizing the return on investment for the property asset.
What is the "Tourism Investment Program" service aimed at businesspeople and expatriates?
It is a comprehensive service offered by Ithmar to investors wishing to explore the Syrian market. It includes organizing luxury accommodation and hospitality, scheduling site visits to investment opportunities (real estate, tourism, and logistics), and arranging business meetings with local partners to evaluate opportunities firsthand.
What is the projected return on investment for tourism projects in Syria at present?
The tourism and hospitality sectors are witnessing rising demand as aviation markets reopen and business and shopping tourism return; projected annual returns on investment (ROI) for hotel, tourism, and heritage projects range from 15% to 22%, alongside appreciation in the value of the underlying real estate assets.