Saraya Aqaba phase for Oger

Saudi Oger has been awarded a US $700 million (JD495 million) contract on the Saraya Aqaba project in Jordan.

The package, which is for the second phase of the project, covers the main construction works and follows the completion of the ground works and infrastructure package.

Saraya Aqaba is located on the western tip of Aqaba around a man-made lagoon.

The project will commence operations in 2009, and will add approximately 1.5km of beachfront to the Gulf of Aqaba.

“Saraya Aqaba is considered as one of the pioneer projects in the region, and being the exclusive build contractor of this project adds value to our profile, performance, experience and eventually to our accomplishments among the many other projects we are working on,” said Eng. Joseph Al-Helo, assistant general manager, International Operations, Saudi Oger.

The $1 billion project comprises 617,000m2 of master- planned development combining shopping, dining, entertainment, freehold accommodation and cultural activities.

Saraya’s founding partners in this project are the Social Security Corporation, the Arab Bank, the Aqaba Development Corporation (ADC), and a number of individual and corporate investors.

Saraya Aqaba will feature six five-star hotels, three of which will be operated by Jumeirah, the Dubai-based luxury hospitality group, which will also operate the water park on the development.

Starwood Hotels and Resorts Worldwide will operate the other three hotels on the project.

Saudi Oger has also pre-qualified for the main construction package on the $500 million Queen Alia International Airport project in Jordan.

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