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Largest Development in History of Jordan
Marsa Zayed Aqaba, Jordan
Aqaba, Jordan
Marsa Zayed in Aqaba Jordan, a $10.0 billion real estate investment.
Marsa Zayed, is a 3.2-kilometer development, which includes 2-kilometers of waterfront. It is the biggest real estate and tourism project in the history of Jordan, and one of the most significant developments in the region.
Marsa Zayed is a mega, mixed-use waterfront project which includes high-rise residential towers, retail, recreational, entertainment, business, and financial districts as well as several branded hotels.
Several marinas will be added to the current berthing capacity and transform Aqaba into a premier yachting destination including a cruise ship terminal.
On completion, the total built-up area will be 6 million sq. m. The development will offer around 3,000 hotel rooms, more than 18,000 residential units of premium villas, townhouses, and apartments and at least 300 marina berths. The project will be implemented in several phases.
KEO was appointed at the Project Management Consultant (PMC) responsible for managing all aspects of the project development until investor phasing out strategy. Achievements:
• Detailed Master Plan
• Feasibility Study and Business Plan
• Detailed infrastructure packages
• Stakeholder Approvals
Client:
Al Maabar, UAE
Estimated Cost:
$ 10 Billion
Completion:
2011
Site Area: 3.2 Million sq m
Total Built-Up Area: 6 Million sq m +
Services Provided:
Program Management
Project Management
Design Management
Peer and Design Review Services
Cost Management
Stakeholder Management
Master Planner: Callison Infrastructure
Consultant: Arabtech Jardaneh, Jordan
Real Estate Consultant: JLL
In Association with:
C-Quest
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