Friday, May 13, 2011

Saraya Jordan to cease operations

Saraya Jordan, the leading real estate developer in Jordan, has laid off a number of 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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