An Abu Dhabi company is injecting US$240 million (Dh881.4m) to restart a tourism project in Jordan's Red Sea city of Aqaba.
Work stopped on the development almost three years ago.
The Abu Dhabi company, which was not named, is investing the money in the Saraya development, says Mohammed S Turk, the chief executive of Aqaba Development, which is a stakeholder in Saraya. The project includes hotels to be managed by Dubai's Jumeirah Group and Starwood Hotels and Resorts, as well as a Wild Wadi water park, apartments, villas and a convention centre.
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