Author : Shuchita Bist
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Marsa Zayed in Aqaba, Jordan |
KEO International Consultants, leading design and management services firm, has won a 6-month programme management contract to work on Marsa Zayed, $10 billion project at Aqaba in Jordan from Al Maabar, Abu Dhabi-based real estate developer. Spread over a 3.2 km sq of prime real estate in the port's city of Aqaba, the iconic real estate development will include high-rise residential towers, retail, recreational, entertainment, business and financial districts and several branded hotels. The groundbreaking for this historic project is scheduled in early 2010.
Abdallah Hageali, CEO, Al Maabar, said, 'Our Marsa Zayed project is one of the most significant projects under development in the region. A project of this scale will act as a major economic stimulus and its impact will not only be felt in Aqaba but also throughout Jordan and the wider region. We have awarded this contract to KEO International Consultants because their vast experience and professionalism will help guarantee the success of this iconic development.'
In addition to providing program management for the Marsa Zayed real estate project, KEO will also be responsible for master planning, landscape design, infrastructure design, marketing, promotion and validation, feasibility studies, traffic and environmental impact assessments, design reviews and cost related services. KEO will also be responsible for identifying, tracking, managing and reporting on project risks and opportunities throughout the period of the contract. Preliminary assessments will be conducted on critical issues including port relocation, variations of construction costs, land reclamation, cruise ship access, feasibility and market conditions.
Source : Press Release
