"Dubai construction firm Arabtec said on Sunday that a consortium led by the company had won a $629 million contract to build the first phase of a tourism project in Jordan.
The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Dubai contractor Drake and Scull and Consolidated Contractors Co, Arabtec said in a statement on Dubai's bourse.
The project comprises 634,000 square metres of development around a man-made lagoon, with about 1.5 kilometres (0.9 miles) of beachfront. The project's total cost will be $1 billion, the statement added."
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