Aqaba (Jordan), May 28 (IANS/WAM) Jordan's biggest real estate and tourism venture, the Marsa Zayed project, was launched by UAE Deputy Prime Minister Lt. General Sheikh Saif bin Zayed Al Nahyan.
The project, developed by Al Maabar Investments, will be built at a cost of $10 billion.
King Abdullah II of Jordan and UAE deputy prime minister Thursday laid the foundation stone of the project. The project includes a two-kilometer waterfront, high-rise residential towers, retail, recreational and entertainment facilities, business and financial districts and hotels.
In addition, the construction of a state-of-the-art cruise ship terminal would serve as a gateway to Aqaba. The project will be implemented in different phases once the transfer of land ownership is complete.