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MENAFN - Jordan Times - 08/06/2008

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(MENAFN - Jordan Times) Taameer Jordan Holdings (TJH) unveiled on Saturday a JD1.5 billion project designed to create a tourist resort in the Aqaba Special Economic Zone.

Dubbed Mansion Hills, the project will be constructed over more than 3,000 dunums in Al Yamaniah area and will include residential and tourist compounds, hotels, chalets, villas, shopping complexes and theme parks besides an integrated network of public services, an artificial lake, theme hotels, a club house, playground, amusements parks and gardens.

The project will also host a number of basketball, tennis and volleyball courts, in addition to a large sauna and spa centres. It will also host large movie rooms, coffee shops, restaurants, among other facilities.

"Taking the decision to develop the Mansion Hills project, TJH has made a marked intelligent and developmental step on its forward-looking agenda, Aqaba Special Economic Zone Authority (ASEZA) Chief Commissioner Hosni Abu Ghida said.

"With 80-million-square- metres available for the construction of varied investment projects, the port city of Aqaba is positioning itself as an attractive tourist hub and home for landmark residential, tourist and developmental initiatives," he added.

TJH Chairman and President Khaled Dahleh said: "Through this project we are creating a district that is fully furbished with all lifestyle demands." He added: "Catering to the demands of high quality living, this project includes villas fully equipped with the amenities needed for families seeking elevated living locations."

Aqaba Development Corporation (ADC) CEO Imad Fakhoury said Saturday that a master plan for the Yamaniah area has been prepared to attract more investments to the area.

The master plan, he indicated, entails utilising the area for residential and tourism purposes, creating university villages and a media city.

Noting that the plan was approved by the council of commissioners of ASEZA, he said the ADC will provide the project in the Yamaniyah area with infrastructure and services.

Saturday's agreement was officially signed between the two sides under the patronage of Prime Minister Nader Dahabi.


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