Al-Abdali Investment: A Transformative Experience for Economic Growth
Amman – Special Report
In a landmark meeting, His Majesty King Abdullah II engaged with the Board of Directors of Al-Abdali Investment and Development Company to discuss the ambitious plans for the second phase of the Al-Abdali project. This gathering exemplifies the royal support and commitment to one of the most significant investment initiatives in Jordan, reflecting its crucial role in advancing the nation’s Economic Modernization vision.
Visionary Leadership and National Impact
Al-Abdali Investment and Development Company has emerged as a cornerstone of national economic development, dedicated to fostering growth, attracting foreign investments, and creating sustainable job opportunities for Jordanians. With a staggering 20 million visitors annually, the Al-Abdali area stands as a beacon for local, Arab, and international investors, offering a vibrant hub for business and commerce.
Major Milestones Achieved
Chairman of the Board, Amer Al-Fayez, expressed profound gratitude for the royal audience, highlighting key accomplishments of the project. The first phase, encompassing 1.03 million square meters, has successfully attracted approximately 500 companies across 27 sectors, generating 15,000 job opportunities by the end of 2023. The project’s office occupancy rate has soared to 95%, showcasing its appeal and viability.
Notable companies such as Siemens, Orange, and Amazon have established a presence in the area, setting the stage for a dynamic business environment. Al-Fayez anticipates that the second phase will generate investments totaling around 5 billion dinars, further solidifying Al-Abdali’s status as a key player in Jordan’s economic landscape.
Unveiling the Second Phase: A New Era of Opportunities
In a recent interview, Al-Fayez elaborated on the exciting investment opportunities that the second phase promises. This expansion will focus on:
Development of Green Spaces: Enhancing the urban environment with parks and recreational areas.
Mid- to High-Rise Buildings: Introducing modern architectural designs that elevate the skyline.
Luxury Residential Units: Creating high-end living spaces to attract affluent residents.
Modern Offices and Hotels: Establishing state-of-the-art facilities to cater to business and tourism.
Contemporary Commercial Entertainment Areas: Offering diverse options for leisure and entertainment.
Assisted Living Facilities: Ensuring inclusive living environments for the elderly and individuals with disabilities.
The Al-Abdali Conference Center: A Regional Landmark
A standout feature of the project is the Al-Abdali Conference Center, set to become the largest of its kind in the region. With a capacity of 25,000 people, it will host a range of events across more than 20,000 square meters of dedicated conference space. The center will include:
Over 16 Meeting Rooms: Equipped with cutting-edge technology for seamless communication.
A Business Center: Providing essential services for corporate events.
Multi-Purpose Semi-Closed Spaces: Flexible areas designed for various functions.
A Versatile Dome: Perfect for exhibitions, sports events, and concerts, spanning 7,500 square meters.
Commitment to Sustainability and Innovation
The second phase will expand across an additional 134,000 square meters, with a strong commitment to sustainability. This phase will prioritize environmentally friendly practices, focusing on energy-efficient buildings and green construction methods that benefit both the environment and the community.
Government Support and Investment Climate
Al-Fayez lauded the unwavering support from the government, emphasizing the attractive investment climate in Jordan, characterized by:
Political and Economic Stability: Essential for fostering investor confidence.
Highly Qualified Workforce: A key asset for businesses seeking talent.
Comprehensive Investment Laws: Streamlining processes and enhancing opportunities for investors.
A Premier Destination for Investment
Al-Abdali has positioned itself as Jordan’s premier investment destination, offering a plethora of lucrative and diverse opportunities. Competitive advantages include:
Financial Facilities: Access to banking support and investment incentives.
Tax and Customs Exemptions: Reducing the financial burden on investors.
Mixed-Use Project Development Rights: Allowing for flexible and innovative project designs.
With high-quality infrastructure, modern design, and durable materials, Al-Abdali Investment is not merely a project; it embodies a transformative experience poised to redefine Jordan’s economic landscape and pave the way for lasting success.
As Al-Abdali Investment continues to evolve, it stands as a testament to Jordan’s commitment to economic growth and innovation. With visionary leadership and robust support, the project is set to unlock new horizons for investment, ultimately enhancing the quality of life for all Jordanians.
