This looks very positive for the company So much potential here
ASX and MEDIA ANNOUNCEMENT 2nd May 2007 Steel framed housing project in Jordan: JV Global Limited are pleased to announce that they have signed a Memorandum of Understanding to establish a factory in Amman, Jordan to produce steel framed housing. Important features of the MOU include: • Project partner is a subsidary of one of Jordan’s largest corporations; • Our partner’s group is linked to the development of 16,000 residential units in Jordan; • Work has commenced on a villa unit for market testing. The MOU has been signed with Al Qabas Financial Investments, a subsidiary of Tuhama PLC, which is a Public Company listed on the Amman Stock Exchange and is in the process of listing on the Dubai Stock Exchange and the London AIM’s market. The Company is controlled by the Dahleh family, one of the richest families in Jordan. Eng Khaled Dahleh is Chairman of Taameer, Jordan who is developing the Al Jiza Residential City. Tameer Jordan is a Public Limited Company (PLC) and was established in 2005 with a paid up capital of JD 212 million (USD300 million). The Al Jiza project is being developed by Tameer Jordan in co-operation with the Housing and Urban Development Corporation of Jordan and includes 16,000 residential units, mosques, commercial centre, offices, medical clinics, parks and entertainment facilities. Kenneth McKinnon Company Secretary
JVG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
