Arabtec Holding announced that it won a USD 1.55 billion contract for building a resort in Aqaba in southern Jordan. The project is being developed by an international fund called Red Sea Astrarium LP, and will include a manmade lagoon, four hotels and entertainment facilities in addition to a 4D cinema, a water park and a Star Trek-themed attraction. The resort is set to create around 4,000 jobs when it opens.

Construction is scheduled to commence in the third quarter of 2014.