Amman, September 19, 2006. Sponsored by Saraya )A Real-Estate and Tourism Development Company chaired by Sheikh Saad Rafic Hariri), the Arab singer Ragheb Alameh held a fundraising concert in Jordan on Thursday, September 19th, aiming at supporting Arab children. The day after the concert, Ragheb Alameh visited Saraya Headquarters in Amman.

During his visit to Saraya, the Super Star Ragheb Alameh spoke from an investor's perspective, highlighting Jordan's economic growth, and the investment environment it has that is so encouraging for Arab and foreign investors alike. He also pointed out that Saraya is contributing to this growth with the development of big projects, expressing his belief in the prosperous future of the company.

Vice Chairman and CEO of Saraya Holdings, Mr. Ali Kolaghassi, explained to Ragheb Alameh the different components of the Master Plan of Saraya Aqaba project, Saraya Holdings' first project, in which Mr. Alameh has shares. They also discussed the partnerships between Sarya Aqaba and key private and public entities such as Aqaba Special Economic Zone Authority (ASEZA), the Jordanian Social Security Corporation, Arab Bank, Jumeirah and Starwood Worldwide Inc.

Ragheb Alameh showed great interest in the different facilities and residential units that Saraya Aqaba contains. He also expressed his admiration to the development that is taking place in the city of Aqaba, which will turn the city into a tourism and investment center in the near future, in accordance with His Majesty King Abdullah's vision in attracting investment and strengthening the Kingdom's economy.

Marketing and Corporate Communication Director in Saraya, Ms. Leonie Matta, said: "We have always appreciated Ragheb's support and belief in Saraya, provided that he was one of the earliest investors in Saraya Aqaba. We really respect his art as much as his ongoing humanitarian activities in Lebanon". She also added: "Our vision in Saraya conforms with Ragheb's vision in terms of supporting and extending the hand of help to the Arab citizen, and in encouraging and supporting tourism in our countries".

-Ends-

About Saraya:
Saraya is a tourism and real estate development holding company established in 2005 under the chairmanship of Sheikh Saad Rafic Hariri. Saraya's mission embraces contributing to the growth of local economies through delivering profitable projects to investors and local communities.

With further expansion intended in the near future in the Middle East and North Africa (MENA), and through strategic collaboration with local authorities and investors in public and private partnerships,  Saraya announced four projects until now; Saraya Aqaba and Saraya Dead Sea in Jordan, Saraya Islands in Ras Al Khaimah - UAE, and Saraya's project in Muscat - Oman.

Saraya seeks to identify and assess unique undiscovered sites in order to transform them into world-class tourist attractions, achieving its vision of creating "cities within cities." This vision includes establishing superb hotels, retail facilities, entertainment, leisure and sport facilities, conference centers, as well as luxurious residential units set up on natural beaches or around man-made lagoons. Saraya's projects are built according to the highest international standards that cater to the needs of local residents, as well as tourists and businessmen.

All projects under Saraya's umbrella will be developed in an environmentally-friendly and culturally-conscious manner. To ensure the highest specifications and construction standards, Saraya opted for Saudi Oger Ltd- which has extensive global expertise in the construction of complex and technologically advanced projects- to be the exclusive design and build contractor for all of its projects.

For further information, please contact:
Dimah A. Khalili
Media Communication and PR Manager / SARAYA
P. O. Box 825321,
Amman 11180, Jordan
Tel.: + 962 6 5505444,
Fax: + 962 6 556 1738
Email: dkhalili@sarayaholdings.com
www.sarayaholdings.com

© Press Release 2006