Bayan plans $1.2bn project in Jordan.

(From Gulf Construction)

Kuwait City Kuwait's Bayan Investment Company plans to develop a $1.2 billion project in Jordan as part of an expansion drive into undervalued Arab markets, the firm's managing director said

The company, which invests for its own account and for customers in markets inside and outside Kuwait, said the Jordanian projects would be its largest regional investment so far after a $800 million real estate project under way in Bahrain

Chairman and managing director Faisal Al Mutawa said Bayan hoped to finalise within a month a deal with Jordanian officials to get a licence to develop large tracts of prime property in the capital to …