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Wed 1 Jul 2009 01:31 PM

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Company wins deal for $10bn Jordan project

Abu Dhabi developer Al Maabar awards contract for Marsa Zayed development to KEO.

Company wins deal for $10bn Jordan project
JORDAN PROJECT: Groundbreaking is scheduled to start in early 2010 for the Marsa Zayed development in Aqaba.

KEO International Consultants announced on Wednesday it had won a six-month programme management contract from Abu Dhabi-based real estate developer Al Maabar to work on its $10bn project in Aqaba, Jordan.

Scheduled for groundbreaking in early 2010, the Marsa Zayed development includes high-rise residential towers, retail, recreational and entertainment facilities, hotels and business and financial districts, in addition to marinas and a cruise ship terminal.

As well as providing programme management, KEO will be responsible for master planning, landscape and infrastructure design, marketing, promotion and validation, feasibility studies, traffic and environmental impact assessments, design reviews and cost related services, the firm said in a statement.

Named in memory of the late Sheikh Zayed Bin Sultan Al Nahyan of the UAE, Marsa Zayed stretches over 3.2 square kilometers, making it the largest tourism project in Jordan’s history.

The project in the Red Sea port city is being delivered by Al Maabar Jordan Investment Company, a subsidiary of Al Maabar International Investments.

Al Maabar International Investments is a joint venture company formed by Abu Dhabi real estate developers Mubadala, Aldar Properties, Sorouh Real Estate, Reem Investments, Reem International and Al Qudra Holding.

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