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Saraya Aqaba platinum sponsor of Retail City 2007
- Jordan: Wednesday, May 30 - 2007 at 08:51
- PRESS RELEASE
Saraya Aqaba Real Estate Development PSC. will sponsor and participate at Retail City, the renowned International Retail Real Estate networking Exhibition and Conference, which will be held from 3rd - 5th of June, 2007 at the Dubai International Exhibition Centre in the United Arab Emirates.
Through its platinum sponsorship and participation at Retail City, Saraya Aqaba will introduce "Souk Saraya", the retail component within the Saraya Aqaba project, which will be composed of an old souk, a reflection of the pedestrian Middle Eastern old city, featuring an urban styling living zones and streetscapes. The Souk will include market retail and commercial outlets, retail shops, restaurants, kid's zone, specialized shops and night spots. Additionally, Saraya Aqaba aims at capitalizing on the opportunities offered by Retail City through networking and exchanging ideas with retailers, investors, franchise networks, shopping mall management companies and financial institutions.
During conference day one, Mr. Shadi Ramzi Al-Majali, General Manager of Saraya Aqaba will be showcasing the Saraya Aqaba project. "Our sponsorship and participation comes in line with our objective of placing Jordan, and specifically Aqaba on the world tourism map, as well as meeting and networking with all the investors and key businessmen in the retail business," Al-Majali stated. Additionally and during conference day two, Al-Majali will be speaking of "Developing Specialized Retail Destinations Integrated with Surrounding Residential Developments".
Situated on the northern tip of the red sea, the Saraya Aqaba project comprises of residential units, "Souk Saraya" (the retail area within the project), four five star hotels and two boutique hotels operated by the world's leaders in hospitality Jumeirah and Starwood, with the modern luxuries and splendour of a world-class resort, state-of-the-art entertainment facilities, amphitheatre, sports complex, Water Park. The project will also include a conference centre that caters for over 2,000 people and office spaces as well as a man-made lagoon that will be adding 1.5km to the beach front.
Saraya Aqaba project model will be displayed at the Saraya Aqaba booth number RD30.
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Notes and media contacts
About Saraya AqabaSaraya Aqaba is Saraya Holding ltd flagship project located on the western tip of Aqaba around a man-made lagoon. The project will commence operations within three years, adding approximately 1.5km of beachfront to the Gulf of Aqaba.
The project comprises approximately 617,000sqm (not including Radisson SAS land) of master planned development combining shopping, dining, entertainment, freehold accommodation and cultural activities within the context of an authentically styled ancient city, all built around a man-made lagoon. The approximate total cost of the project is one billion US dollar.
Saraya Aqaba features four premium 5-star hotels and two boutique hotels. Jumeirah, the Dubai-based luxury hospitality group, will operate two hotels and one boutique hotel in addition to operating the Water Park while it will manage Grand Villas and Villas in this new large scale project. Starwood Hotels and Resorts Worldwide Inc will operate the other two hotels and a boutique hotel. Furthermore, there will be different residential units, a convention centre, an old souk and a wharf promenade. Saraya Aqaba aims to cater to the needs of Aqaba's local residents, as well as regional and international visitors and businessmen.
Saraya Holdings Ltd founding partners in this project are the Social Security Corporation (SSC), the Arab Bank, the Aqaba Development Corporation (ADC), and a number of individual and corporate investors.
The exclusive build contractor for Saraya Aqaba project is Saudi Oger Ltd, ensuring the delivery of the highest specifications and construction standards.
For further information, please contact:
Dimah A. Khalili
Media Communication and PR Manager / SARAYA
P. O. Box 815321, Amman 11180, Jordan
Tel.: + 962 6 4680055, Fax: + 962 6 4680033
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