Taameer Jordan Holdings has unveiled a JD1.5bn ($2.12bn) project to redevelop the Aqaba Special Economic Zone and build a new tourist resort on the site.
The new development is to be built in Al-Yamaniah and will be called Mansion Hills.
Built across 3 million square metres, the site will include residential compounds, hotels, shops and theme parks and a range of other leisure facilities.
Imad Fakhoury, chief executive officer of the Aqaba Development Corporation says that a full masterplan has been completed for the Yamaniah area to attract new investments. As well as the Mansion Hills project, the scheme will include other family and student accommodation, and a media city.
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