Thursday, 19 October 2017 01:42 GMT

Arabtec bags USD1.5b Jordan deal

(MENAFN) Dubai-based Arabtec Holding announced that it won a USD1.55 billion contract for building a resort in Aqaba in southern Jordan, Arabian Business reported

The project is being developed by an international fund called Red Sea Astrarium LP, and will include a manmade lagoon, four hotels and entertainment facilities in addition to a 4D cinema, a water park and a Star Trek-themed attraction

The resort is set to create around 4,000 jobs when it opens. Construction is scheduled to commence in the third quarter of this year
Arabtec bags USD1.5b Jordan deal