ABU DHABI: Abu Dhabi property developer Al Maabar International Investments said yesterday that it plans to build a $10 billion development in Jordan to help create jobs and develop the local economy.

The joint venture, which includes Aldar Properties and Sorouh Real Estate, said the waterfront real estate and tourism development, one of the biggest private sector investments, would be in Aqaba on the Red Sea coast.

The group, which last April announced it would build a $5bn project in Jordan, said it would begin construction on the residential, tourism and commercial project in the first half of next year and aimed to create 15,000 jobs.

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Posted by boyang at February 27, 2009 5:48 PM