Syrian firm to develop $300m The Beaumont project

08 April 2026
The mixed-use scheme is the first major foreign investment-backed project launch in Syria in recent years

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Syria’s Ministry of Tourism has partnered with local firm Ezdihar Holding to develop The Beaumont, described as the country’s first fully integrated residential, commercial and leisure scheme.

The 77,000-square-metre project is expected to cost $250m-$300m and is positioned as a flagship development aimed at supporting tourism sector recovery, while boosting investment, job creation and skills development.

Plans include two towers on the Barada River waterfront.

The first will house a five-star, 150-key hotel with presidential suites, multiple food and beverage outlets, a private members’ club and a spa.

The second will feature 26 floors of high-end residential units, ranging from one-bedroom serviced apartments to 570-square-metre duplex penthouses overlooking the city.

Additional components include a two-level retail centre, an outdoor promenade with cafes and restaurants, and a 10-storey business centre targeting regional and international occupiers.

The project will be delivered through a 50-year joint venture between the Ministry of Tourism and Ezdihar Holding, operating with financial and administrative autonomy.

Located near Umayyad Square in Damascus, the development is intended to serve as a base for companies seeking regional or national headquarters, alongside a mixed-use destination combining hospitality, retail and leisure offerings.

Construction will be carried out in phases, with completion targeted within four years.

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