“Saraya Aqaba” is a Jordanian private shareholding company, whose founding shareholders include Saraya Jordan, Jordan’s Social Security Corporation, Aqaba Development Corporation, and Arab Bank plc. Saraya Aqaba will implement the USD 1 billion “Saraya Aqaba Project”, a premier tourism and leisure destination, with a mixed-use themed development. Situated on the northern tip of the Gulf of Aqaba, the construction of the Saraya Aqaba Project and its man made lagoon will be completed in 2010, adding approximately 1.5 km of beachfront to the city of Aqaba

Aqaba

Aqaba is a coastal city in the far south of Jordan, the capital of Aqaba Governorate at the head of the Gulf of Aqaba. Aqaba is strategically important to Jordan as it is the country's only seaport. Aqaba is best known today as a diving and beach resort, but industrial activity remains important...

. The Project comprises approximately 634,000 square meters of master-planned development, combining the splendor of an authentically styled ancient city with the modern luxuries of a world class resort. It features seven luxurious hotels, various residential options (beach front villas, townhouses, lofts and apartments), office space, a contemporary shopping district, an old souk, a water park, a convention centre, and a wharf promenade. A bustling “city within a city”, uniquely designed in a culturally authentic manner; Saraya Aqaba is set in the midst of a rich and textured environment of lush gardens and sparkling waterways.

“Saraya Aqaba will be a flagship destination for Aqaba

Aqaba

Aqaba is a coastal city in the far south of Jordan, the capital of Aqaba Governorate at the head of the Gulf of Aqaba. Aqaba is strategically important to Jordan as it is the country's only seaport. Aqaba is best known today as a diving and beach resort, but industrial activity remains important...

, and its size, scale and design will reflect the growing international profile of the resort.”