Monday, May 2, 2011

Saraya Jordan to cease operations

Saraya Jordan, the leading real estate developer in Jordan, has fired all its staff and will cease operating soon. Upper management has been given notice until August, the date the company will wind down.

Saraya Jordan is a member of Saraya Holdings Ltd., a real estate development company, which, under the Chairmanship of Lebanese premier Saad Hariri, has been active in beachfront projects across the region.

Saraya Aqaba, a large-scale real estate tourism project with an initial capitalization of JD172 million (US$242 million)
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/saraya-jordan-cease-operations

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