A group of investors have signed an agreement to pick up a stake in the Four Seasons Damascus project, now under construction in the Syrian capital.
The hotel is owned by the Syrian Saudi Company for Touristic Investments (SSTI), a joint venture between the Syrian government and Kingdom Holdings Company of Saudi billionaire Prince Alwaleed bin Talal.
The agreement for the private placement of the stake was signed by SSTI chairman Prince Alwaleed at his residence in Riyadh.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.