The Greater Amman Municipality (GAM) has declared it will sell its 10 per cent share in the real estate development project Jordan Gate to the Kuwaiti Bayan Holding Company.
Under the agreement, the Kuwaiti side will pay JD10.5 million for the GAM’s shares, Jordan Times reported.
The JD210 million project, which features two towers, is being built by the Bahraini-based Gulf Finance House under a strategic partnership with the GAM.
