KEO International Consultants announced that it had won a 6 month program management contract from Abu Dhabi based real estate developer Al Maabar to work on its USD 10 billion project in Aqaba of Jordan.
Scheduled for groundbreaking in early 2010, the Marsa Zayed development includes high rise residential towers, retail, recreational and entertainment facilities, hotels and business and financial districts, in addition to marinas and a cruise ship terminal.
The US firm said that as well as providing program management, KEO will be responsible for master planning, landscape and infrastructure design, marketing, promotion and validation, feasibility studies, traffic and environmental impact assessments, design reviews and cost related services.
Named in memory of the late Mr Sheikh Zayed Bin Sultan Al Nahyan of the UAE, Marsa Zayed stretches over 3.2 square kilometers, making it the largest tourism project in Jordan’s history.
The project in the Red Sea port city is being delivered by Al Maabar Jordan Investment Company, a subsidiary of Al Maabar International Investments.
Al Maabar International Investments is a JV company formed by Abu Dhabi real estate developers Mubadala, Aldar Properties , Sorouh Real Estate, Reem Investments, Reem International and Al Qudra Holding.
(Sourced from Arabian Business)
