Qatari Diar Real Estate Investment Company is

planning an estimated $200 million tourism development

on the Mediterranean coast near Latakia which will have a total area of 220,000 square metres.

The project involves the construction of a five-star hotel,

beach apartments, villas and swimming pools.

Beirut-based Erga will carry out the masterplan and its subsidiary, Erga Management, is the engineer and construction supervisor. France’s Sogreah is the marine consultant.

Kuwait’s Al-Noor Financial Investment Company is in negotiations with the Tourism Ministry for a second project near 6 October Lake in Latakia (MEED 27:1:06).