Kuwait property development group the MA Kharafi Group has established the Kiwan Tourist Investment Company to build, finance and operate a major tourism and commercial project in Damascus.
The Kiwan project will become the city’s only integrated development, featuring an InterContinental Hotel, shopping mall, cinema complex, office space, conference facilities, health club and spa.
A member of the group, MAK Hotel Holdings, has signed an agreement with InterContinental Hotels Group to develop a 370-room hotel within the development.
The hotel is expected to open in 2010.
By staff writer