Zara is Jordan′s leading tourism investment company with a total equity of around JD 85.3 million, and total assets of over JD 202 million, as of December 31,1999. Zara Investment (Holding) Company owns and operates up-market tourism and business-travel focused hotels and accommodations in high potential areas throughout Jordan. It is currently the most significant owner and developer of hotels and business facilities in Jordan. Through its majority owned subsidiaries, Zara has engaged in a number of tourism and hotel projects either through obtaining majority ownership and control of certain establishments, or through direct investments
History
Zara Investment (Holding) Company Ltd. ("Zara" or "the Company") was established om May 10, 1994 at the initiative of a number of independent investors, banks, and investment houses as a public sharholding company to manage its subsidiaries operating in the Jordanian tourism sector. Upon its establishment, Zara obtained majority ownership and management of several promising tourism companies and projects in Jordan, and committed itself to developing a network of renowned first-class tourist establishments extending across the country
(last updated: 20-December-2002)
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Jordan \ Other Financial Institutions \ Zara Investment (Holding) Co
