<b>Much potential in the Syrian tourism industry</b>
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
BANKING

<b>Much potential in the Syrian tourism industry</b>

Headline: Much potential in the Syrian tourism industry
Source: Euromoney
Date: July 2001
Author: Philip Moore

Although relatively underdeveloped, tourism is already Syria's second-biggest foreign exchange earner. With infrastructural and personnel development it could be even more lucrative.

       
Palmyra: there are thousands of ancient monuments
and sites in Syria which boasts the oldest continually-
inhabited cities on earth

In spite of its plentiful natural resources, Syria is keenly aware of the need to develop new industries to counter long-term unemployment. Perhaps the most obvious example of this commitment is tourism, which, after oil, is already the second largest generator of foreign currency, accounting for inflows of about $1.5 billion in 1999, some 4% of GDP. Under a 20-year plan drawn up by the Ministry of Tourism, Syria aims to attract 7 million tourists a year, compared with the current 2.5 million, chiefly arrivals from the neighbouring states of Jordan and Lebanon, as well as from the Gulf.

European visitor numbers also starting to increase, and attests to the potential of tourism. The cities of Aleppo and Damascus both lay claim to being the oldest continually inhabited urban districts in the world, although historians seem to give this accolade to Aleppo (the capital of northern Syria), which was established as the capital of the Amorite kingdom of Yamkhad around 1780BC.








Gift this article