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GAM sells Jordan Gate stake
- Jordan: Sunday, December 24 - 2006 at 10:12
The Greater Amman Municipality is to sell its 10% stake in the Jordan Gate project to Kuwait's Bayan Holding Company for $14.9m, reported the Jordan Times. The development has been dogged by recent controversy with the collapse of several storeys in September killing four workers, while it then emerged that, despite the GAM being a strategic partner, the project had not been granted the necessary construction licence.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 24 - 2006 at 10:12 UAE local time (GMT+4)
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This article was updated on Sun Jan 14 2007.
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