Raya launches development in Jordan

Saudi-based Raya Development and Investment has started work on its $71m Raya Seaside Residence in the Jordanian city of Aqaba on the Red Sea coast, reported MEED. The development of 189 flats and houses will be spread over an area of 40,000 square metres, about 10km south of central Aqaba. The project is due to be completed during the second half of 2010.