Taameer Jordan announced completion of 50% of the construction work in the Red Sea Resort, where the infrastructure was successfully laid earlier. The project that is located on the southern shores of Aqaba will be commenced end of 2008. This announcement was made by Dr Khalid Al Wazani, GM of Taameer Jordan, during meeting with 150 local and regional media representatives in the site, as part of the site tours that ASEZA (Aqaba Special Economic Zone Authority) organized celebrating its sixth anniversary.
Taameer Jordan also organized a site visit to the resort where some VIP customers and few local media representatives were briefed on the progress of the project. Engineer Khalid Al Dahleh, Chairman of the Board of Directors of Taameer Jordan accompanied the visitors in the two site visits.
Dr Khalid Al Wazani briefed visitors on the project, clarifying that it has a total area of 147400 sqm, with an investment value of US$75 million. He also added that out of the 260 villas, 60% are sold, and that 9000 sqm of the project is dedicated for entertainment facilities. The project is distinctive, according to Al Wazani, being the only one in Aqaba that provides a sea-view for all residents, provided that the resort slightly slopes from a small hill down to the southern beach.
Al Wazani concluded: “We are so proud of what is going on in Aqaba and the enormous efforts of ASEZA that directly contributed to attracting such huge investments in many sectors….Taameer realized the great potentials of Jordan’s one and only sea front early and established Ayla Park Plaza and the Red Sea Resort, as well as a huge residential project that we are planning for now that targets middle-income Jordanians, to which we will give details in the near future”
About Taameer Jordan:
Taameer Jordan is a Public Limited Company (PLC) located in Amman, Jordan. The company was established in 2005 with a paid capital of JD 212 million.
Taameer undertook several leading projects in the real estate sector as part of its vision to extend its business into different classes within the Jordanian society. The company also aims at improving the overall quality of life, while achieving high returns on investment for the shareholder.
