Taameer Jordan Holdings and Ehtiraf sign sales agreement for Red Sea Resort

The agreement was signed on behalf of TJH by Mr. Rami Adwan, Deputy CEO For Marketing and Sales and on behalf of Ehtiraf by Mr. Ayman Al Mufleh, CEO.

The signing ceremony took place at TJH headquarters in the presence of Board Chairman of TJH Mr. Khaled Al-Dahleh and Board Chairman of Ehtiraf Mr. Eyas Al-Ghoul.

Ehtiraf's previous success in collaboration with TJH had reaped phenomenal sales results during the first phase of the Red Sea Resort sales operation. Building on this success, Ehtiraf is at present in the process of restructuring its sales activities to include integrated sales and marketing policies for both local and regional markets.

Commenting on the agreement, Mr. Adwan said, "The signing of this agreement falls directly in line with company's aims to create marketing strategies that involve alliances formed with companies working in fields relevant to real-estate marketing. Such fields include IT, media, advertising, marketing, and real-estate marketing and sales. Such partnerships are expected to fall in parallel with the high levels of competition seen in local and regional markets and in turn are to prove to be beneficial."

He also added, "Taameer's projects are very competitive as they combine highest standards with reasonable prices."

On his part, Mr. Al Mufleh stressed on Red Sea Resort's excellent and unique features, being an elite and exclusive residential resort, while containing multi recreational and beach facilities at reasonable competitive prices. The natural slope towards the sea is one the essential features of Red Sea Resort which leads to a sea view marvel.

The Red Sea Resort is located 10km from Aqaba's center. It is built on 147,400 m2 of land with 260 units of four different villa designs. The Resort contains many entertainment facilities designed in accordance with the highest international standards. The Resort will be completed in one phase, 70% of which has already been completed, which is expected to be finished by the end of 2008, with a total investment of $75m.