Dear Reef Ball Kuwait,

>

> Thank you for your interest in the Aqaba Lagoon Tourism Site (ALTS) > Project.

>

> Enclose hereunder a brief description for our upcoming Project;

>

> A.    Project’s Location :

>      At Aqaba’s western boundary with Israel, with a 250m > opening on the Gulf of Aqaba, and stretching north towards the Aqaba > Airport and adjacent to the Border Crossing point with Israel. Aqaba’s > location is unique being a focal point between four countries (Jordan, > Israel, Egypt & Saudi Arabia) at the tip of the Gulf.

>

> B.    Project’s Area of Land :

> 4,320,000 sqm / 432 hectares.

>

> C.    Project Objectives :

>    To create a World Class Destination for Tourism, > Recreational and Residential Communities in Aqaba, around the Lagoon > which will increase Aqaba’s shorelines by almost (3 km) / Three > Kilometers.

>

>    The Developments will include a variety of Up-Market > hhhhhhotels, residential communities, retail, conference, entertainment and > rrecreational facilities.

>

>

> D.    Minimum Development & Minimum Time Schedule Requirements :

> Phase 1 / (Years 1-4)

> -      Lagoon / 40-45 hectares (minimum surface area).

>   -      5 Star Hotel / 300 Rooms.

> -      Commercial Facilities / 10,000 sqm.

>

> Phase 2 / (Years 5-8)

>   -      Residential Units / 400 Units.

> -      4&5 Star Hotels / 600 Rooms.

> -      Commercial Facilities / 10,000 sqm.

>

> Phase 3 / (Years 9-12)

> -      Residential Units / 400 Units.

> -      4&5 Star Hotels / 600 Rooms.

> -      Golf Course / 18 Holes.

>

> Once completed, the ALTS is expected to create a new up market > tourism and leisure destination in the region. The > project will increase Aqaba’s shoreline and create a large number of > residential, leisure and entertainment opportunities, all within a > unique and inspiring setting.

>

> We are still at the very early feasibility stages of the project, > whereby an International Design Competition for the Master > Plan and the Lagoon Feasibility is being conducted. The > Design Competition is scheduled to be completed by October 2003. After > which, and according to its results, we will either > decline proceeding with the project or launch the Lagoon Design > Development and the Schematic Design stages.

>

> We are pleased to inform you that in light of the received > inquiries, your prestigious company has been included on the > list of potential references for future cooperation.

>

> We hope to keep you updated at regular intervals with news about this > exciting project, destined to offer a new and extraordinary experience > in Aqaba.

>

> For any further information, please contact Mr. Sahl Dudin  or > Ms. Hala Araj,

 

P.O.Box 5315 Amman, 11183, Jordan

telephone No. +962 6 4619552

fax No. +962 6 4616381       

> e-mail         sahldudin@zara.com.jo

hala_zcpm@zara.com.jo>

>

> With our best wishes,

 

Hala Araj

Zara Consultancy & Projects Management

On behalf of ALTS Team>