Wahoud Group was granted a license this year to build, in joint venture with partners from the United Arab Emirates (Concorde Dubai), a 5-star 250-rooms hotel accompanied by 1000 tourist apartments in the southern region of Tartous sea façade. The project will be built at a cost of USD 175 million and invested on a B.O.T. basis for 45 years .Concorde, a UAE – based hotel management firm, will operate the project which spread over a total area of 225 000 square meters, the construction works will start in early 2008 and last for 42 months.
