Friday, May 27, 2011

Saraya Holdings committed to completing its projects in Jordan, Oman

A Saraya Holdings spokesperson stated that the Company has taken several remedial and preventive measures over the past two years aimed at coping with the adverse consequences of the global financial crisis. These measures included the freezing of the ?Saraya Ras Al-Khaimeh? project in the UAE in 2009, and a successful exit from the ?Saraya Sochi? project in Russia in 2010. On the other hand, the Company resolved to move forward with the execution of its other projects in Jordan and in Oman. 

Due to compelling financial reasons, Saraya Holdings has decided to freeze "Saraya Ras Al-Khaimeh" project in the UAE
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/saraya-holdings-committed-completing-its-projects-jordan-oman

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