MAG Group Holding, an award-winning diversified international real estate group based in Dubai, UAE, has been selected as lead developer to realize the first phase of Marsa Zayed, a major beachfront resort and residential community planned on the Red Sea in Aqaba, Jordan.
Marsa Zayed is a transformational project to turn a 320-hectare (3.2mn sqm) section of Red Sea beachfront into a tourism and business hub and a southern gateway to Jordan’s principal attractions, the UNESCO World Heritage Site Petra and the Wadi Rum Protected Area.
MAG Group Holding was selected as the lead developer of Marsa Zayed by AD Ports Group, the integrated trade, transport and logistics group based in Abu Dhabi that is the landowner for the project.
Project collaboration
Marsa Zayed is a beachside real estate project collaboration strongly backed by the UAE and Jordanian governments to bolster the Jordanian coastal city’s position as a regional tourism centre and a gateway for travellers visiting the Red Sea.
At the project initiation ceremony in Aqaba, AD Ports Group and MAG Group launched an international campaign to promote the first phase of Marsa Zayed, which the organizers expect will be one of the Middle East’s most exciting tourist destinations.
“We deliver our award-winning services to local and international customers in such a way that they most importantly benefit our customers and the communities in which we operate,” stated Moafaq Ahmed Al Gaddah, Chairman and Founder, MAG Group Holding.
“This first phase of Marsa Zayed will enable AD Ports Group to deliver on our wise leadership’s vision to add economic value to this lively region,” remarked Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
