Jordan is set to become the latest in a long line of Middle Eastern countries to experience a boom in its real estate market, with the tourism, office and residential sectors all enjoying an unprecedented growth spurt.Towards the end of 2006, a number of the region’s major investment and property development companies have announced new large-scale projects in Jordan, building on the sound foundations laid over the past few years as the country’s real estate market started to take off.In early November, the Saudi Arabian construction firm Saudi Oger and rights holder Saraya Aqaba signed the final agreements for the second stage of development of Jordan’s single biggest property project.The new tourism development, to be built at the Red Sea port of Aqaba, has a price tag of $995.7 million and will include shopping, dining, entertainment, freehold accommodation and cultural facilities, all built around a man-made lagoon.At the same time,
