26.05.2010 - Gulf investors launch Jordan Dead Sea property JV
From Reuters: Aabar Investments has set up a joint venture with regional investors to build a Hilton managed hotel on Jordan's Dead Sea waterfront, part of a $1 billion development in the area, shareholders said on Tuesday. Abu Dhabi-listed Aabar will hold a 45 percent stake in the newly set up Dead Sea Resort Company, while the rest of the stake will be held by Jordan's Dead Sea Touristic and Real Estate Investment Company, a private holding company, whose largest shareholder is Dubai's Emaar Properties.............................................Full Article: Source
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