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FINANCIAL NEWS
Arabtec bags USD1.5b Jordan deal
20 Jan 2014
(MENAFN) Dubai-based Arabtec Holding announced that it won a USD1.55 billion contract for building a resort in Aqaba in southern Jordan, Arabian Business reported.
The project is being developed by an international fund called Red Sea Astrarium LP, and will include a manmade lagoon, four hotels and entertainment facilities in addition to a 4D cinema, a water park and a Star Trek-themed attraction.
The resort is set to create around 4,000 jobs when it opens. Construction is scheduled to commence in the third quarter of this year.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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