Muruj Cham Investment
Known Also As: Muruj Cham Investment and tourism group; Murooj Al-Cham Investment and Tourism Company; Murooj Al-Cham Investment and Tourism Group;
Address: 1149 Main Street, Al-Saboura, Damascus, Syria;
Organization Type: Real estate activities on a fee or contract basis; Construction of buildings;
Wassim Anwar Al-Qattan is a Syrian businessman who holds several contracts with the Government of Syria to develop government-owned shopping malls and hotel properties in Damascus. Al-Qattan is reportedly tied to powerful regime figures, and the Syrian government has awarded almost all of the recent major real estate projects outside of Marota City in Damascus to him.
Al-Qattan’s name first emerged within the Damascus business community in July 2017, when his company Muruj Cham Investment and Tourism Group won an auction to re-invest in Qasioun Mall. The project’s previous investor was reportedly stripped of its contract with the Syrian government after Al-Qattan offered a higher annual fee of 1.2 billion Syrian pounds ($2.7 million), paid to the Syrian government. Additionally, Muruj Cham Investment and Tourism Group signed a contract with the Syrian Ministry of Tourism in June 2018 to invest in the Al-Jalaa Hotel in Damascus, paying the government 2.25 billion Syrian pounds ($5 million) a year for 25 years.
Wassim Anwar Al-Qattan and his companies Muruj Cham Investment and Tourism Group, Adam Trading and Investment LLC, and Intersection LLC are being designated pursuant to E.O.13582 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services in support of, the Government of Syria.
Al-Qattan and these three entities are also being designated pursuant to the Caesar Act for knowingly providing significant financial, material, or technological support to, or knowingly engaging in a significant transaction with, the Government of Syria (including any entity owned or controlled by the Government of Syria) or a senior political figure of the Government of Syria.
Muruj Cham Investment and Tourism Group, Adam Trading and Investment LLC, and Intersection LLC are additionally being designated pursuant to E.O. 13582 for being owned or controlled by, or for having acted or purported to act for or on behalf of, directly or indirectly, Al-Qattan.
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