ADC signs JD 30 million agreement with Jordan Engineers Association to develop Yemeniya Heights

The agreement was signed between Eng. Emad Fakhoury, Chairman and CEO of ADC, and JEA representative, Eng. Wael Al Sakka. H.E Eng. Nader Al Dahabi, Chief Commissioner of the ASEZA, attended the signing ceremony.

According to the agreement, state of the art residential housing, built according to the highest international standards, will be developed on the parcel of land in Yemeniya Heights at an estimated cost of JD 30 million. JEA will provide a timeline for the implementation of the project, including all the engineering and technical designs, within 180 days from the date of the agreement.

Fakhoury said, 'This project falls inline with ADC's objectives to provide a variety of investment opportunities in the real estate sector, in cooperation with the private sector.'

Al Sakka added, 'We collaborated with ADC on this project in order to turn Aqaba's southern coast into a high-quality residential and tourism destination. The development will be in harmony with Aqaba's architecture, whilst every effort will also be made to ensure the safeguarding of the local environment.'

ADC put out a tender for Yemeniya's numerous parcels of land last year, and chose JEA to implement the project due to its expertise and experience in developing such projects.