An Abu Dhabi property joint venture company including Aldar Properties and Sorouh Real Estate said on Thursday it would build a $10 billion development in Jordan.

Al Maabar International Investments -- which also includes Reem Investments, Reem International and Al Qudra Holdings among its shareholders -- said the waterfront real estate and tourism development would be located in Aqaba.

Construction would begin in the first half of 2010, Al Maabar said.

Source: Trade Arabia News