02 April 2007
Saraya Holdings, a leading regional real estate development company, will be the diamond sponsor of PropertyLink Exhibition 2007, organised by B-Design and Marketing, between the 2nd & 4th of May at Zara Expo, Amman.

Saraya will exhibit a model of its leading project "Saraya Aqaba", located in Aqaba, Jordan.

Ali Kolaghassi, Vice Chairman & CEO of Saraya said, 'Saraya Holdings is delighted to be the key sponsor of the event, following the success of the last years' exhibition and the constructive agenda prepared by PropertyLink 2007 ".

Kolaghassi added, 'There's a high growth potential for the Jordanian market, and for that our mission to create a distinguished high-end real estate, hospitality and leisure destination came true through our flagship project "Saraya Aqaba"."

Furthermore Kolaghassi added, 'PropertyLink's regional & international reach is exclusive and well planned. It allows Jordan to display its key components as a major player in the real estate sector and showcasing it as an attractive investment hub. Furthermore the exhibition will allow us to share our experience and path as pioneers with our leading projects in the country and the region, in addition to exhibiting Saraya Aqaba's Model".

General Manager of B-Design Ayman Banayot said, "The fact that Saraya Holdings is placed on the list of sponsors has added a new dimension to PropertyLink, creating an annual event that gathers the largest real estate companies under one roof".

Saraya Holdings seeks to support the economic growth of the countries it invests in by developing projects that maximize shareholder value and contribute to local communities' sustainable development. Through it's investment subsidiaries, Saraya Holdings has invested in the 'Saraya Aqaba' project which is being currently implemented in Jordan; a US$955.7 million beachfront travel destination on the Red Sea built around a man-made lagoon, spanning approximately 617,000 square meter, adding approximately 1.5km of beachfront in the heart of Aqaba. Saraya also is planning for another project in Jordan, 'Saraya Dead Sea', located 65km West of Amman and 400 meters below sea level.

Saraya expanded its projects reaching the UAE with its ' Saraya Islands' in Ras Al Khaimah. Furthermore, Saraya had added another stop to its journey of development in the Arab Gulf countries by announcing 'Saraya Bandar Jissah' in Muscat in 2006 in collaboration with the Ministry of Tourism in Oman.

PropertyLink exhibition is a premium international platform for the property & real estate industries. The exhibition's main objective is to allow sectors to network with home buyers and corporate investors in one of the most promising property markets of the region.

The exhibition is designed to be a one-stop-shop where individual and corporate customers have the opportunity to interact face-to-face with developers, agents and providers of related services.

This year, the event is simultaneously carried out with a conference, taking place at the Grand Hyatt Hotel, during which experts and scholars specialised in the real estate market will discuss the future of the sector.

-Ends-

© Press Release 2007