x Abu Dhabi, UAEMonday 22 January 2018

Arabtec-led consortium wins $629m Jordan project

Arabtec said on Sunday that a consortium led by the company had won a US$629 million contract to build the first phase of a tourism project in Jordan.

Dubai construction firm Arabtec said on Sunday that a consortium led by the company had won a US$629 million contract to build the first phase of a tourism project in Jordan.

The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Dubai contractor Drake and Scull and Consolidated Contractors, Arabtec said in a statement on Dubai's bourse.

The project comprises 634,000 square metres of development around a man-made lagoon, with about 1.5km of beachfront. The project's total cost will be $1 billion, the statement added.

The development, to be delivered in 28 months, will include four international hotels including Jumeirah International and Starwood Hotels facilities, as well as a water park.

 

* Reuters