Economy
The Port of Latakia is the main route in Syria for containers, though it also handles a large amount of metals, machinery, chemicals and foodstuffs. In 2004, 5.1 million tonnes were unloaded, and one million tonnes were loaded from Latakia port. New quay investments are underway in the port. The port is managed by a semi-autonomous state company. Latakia has an extensive agricultural hinterland. Exports include bitumen and asphalt, cereals, cotton, fruits, eggs, vegetable oil, pottery, and tobacco. Cotton ginning, vegetable-oil processing, tanning, and sponge fishing serve as local industries for the city.
The Cote d'Azur Beach of Latakia is Syria's premier coastal resort, and activities undertaken there include water skiing, jet skiing, and windsurfing. The city contains eight hotels, two of which have five-star ratings; both the Cote d'Azur de Cham Hotel and Lé Merdien Lattiquie Hotel are located 6 kilometres (3.7 mi) north of the city, at Cote d'Azur. The latter hotel has 274 rooms and is the only international hotel in the city.
Compared to other Syrian cities, window shopping and evening strolls in the markets is considered a favorite pastime in Latakia. Numerous designer-label stores line 8 Azar Street, and the heart of the city's shopping area is the series of blocks enclosed by 8 Azar Street, Yarmouk Street, and Saad Zaghloul Street in the city center. Cinemas in Latakia include Ugarit Cinema, al-Kindi, and a smaller theater off al-Moutanabbi Street.
Read more about this topic: Latakia
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)