The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Much potential in the Syrian tourism industry

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.



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree