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Abu Dhabi launches mega realty project in Jordan

Abu Dhabi launches mega realty project in Jordan

Jordan's king has laid the cornerstone for a $10 billion real estate project by Abu Dhabi's largest realty developer conglomerate.
It's the biggest project of its kind in Jordan and comes amid the global economic crunch that has hammered many such mega projects in the region.
The Abu Dhabi-based developer, Al Maabar International Investments, launched the waterfront project on Thursday in the Red Sea resort of Aqaba.
Al Maabar _ a joint venture between Abu Dhabi's five leading real estate developers and an investment firm _ says the 1.24 square mile (3.2 square kilometer) Marsa Zayed project will be completed in phases within 30 years.
It will include eight hotels with nearly 3,000 rooms, office buildings, 20,000 premium residential units and 350 marina berths.


Updated : 2021-07-31 22:34 GMT+08:00