Mar 26 2012
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'No undisclosed terms in Marsa Zayed agreement'
Speaking to the Jordan News Agency, Petra, CEO of Jordan's Al Maabar Emad Keilani, whose company is to build a multibillion tourism-real estate project in the place of the current port, rejected as baseless reports alleging the existence of a binding article in the agreement under which the government must pay a total of JD200 million annually to rent the project.
He noted that under the agreement signed between the government and the company, the latter will build the $10 billion-Marsa Zayed project, which will feature resorts and real estate facilities, noting that these projects will provide a total of 16,000 job opportunities.
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