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FINANCIAL NEWS
Two USD10.3b projects developed in Jordan by UAE’s Al Maabar
18 Apr 2013
(MENAFN) Al Maabar Managing Director, Yousuf Al Nowais, announced that the company is developing two projects in Jordan, the USD10 billion Marsa Zayed project in Aqaba and the USD300 million St. Regis Amman and the Residences, reported Gulf News.
Al Nowais added that at the current time, the company is developing the first project phase of Marsa Zayed that comprises Al Raha Village, which is the development’s first residential neighborhood, in addition to Shaikh Zayed Masjid that will have the capacity to accommodate 2,000 worshippers.
He noted that the first phase is slated for completion in two years.
As for the St. Regis Amman and the Residences at the St. Regis Amman, which will be situated in Abdoun Area; Al Nowais said that the project, which will be the first St. Regis property to be developed in the Kingdom, will include a hotel and two residential towers.
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