Kuwaiti and Jordanian investors announced Tuesday the establishment of Al-Mazaya Real Estate Company Jordan with a capital of USD 56 million.
The company will be established by Kuwait's Al-Mazaya Holding Company, Global Investment House (Global) and First Jordan Investment Company with each firm owning 20 percent of the company, while the remaining 40 percent will be put up for public underwriting by Kuwaitis and Jordanians.
During a press conference, representatives of the firms explained that this venture will be a real-estate investment arm in the promising Jordanian market.
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