Abdali Project

Coordinates: 31°57′49.6″N 35°54′22.1″E / 31.963778°N 35.906139°E / 31.963778; 35.906139

Abdali as of 2018
A scaled-down model of the completed Central Business District of Amman project

Abdali Project is a project in the district of Al-Abdali in Amman, Jordan. It is being developed on 384,000 square metres (0.148 sq mi) of land, intending to create a total built-up area of over 1,700,000 square metres (0.66 sq mi) consisting of hotels, apartments, offices, commercial outlets and entertainment.[1][2]

Abdali is valued at more than US $5 Billion. It is being developed as a smart district that strives to become a regional business and tourism hub. It is provided with an extensive telecom and media infrastructure that enables the deliverance of state-of-the-art technologies to the project. It also offers district energy solutions to guarantee a safe environment along with large savings in energy costs by increasing efficiency and decreasing pollution. The project is served by a huge intersection that eases the entrance to the project through several tunnels and bridges.[3]

History

The project's idea was conceived in the early 2000s during a meeting between the then Lebanese prime minister and business tycoon Rafic Hariri, and King Abdullah.[4]

The project components

Source:[5]

A graphical representation of the project's built-up area.

Phase I

It is envisioned as the commercial and business center of Amman. Phase I contains the following built up area:

  • Residential 287,000 square metres (28%)
  • Offices 363,000 square metres (35%)
  • Hotels 111,000 square metres (11%)
  • Retail 273,000 square metres (26%)

Total: 1,034,000 square metres

Phase II

It is envisioned with a central green park. Phase II contains the following built up area:

  • Hotels 62,000 square metres (9%)
  • Retail 47,000 square metres (6%)
  • Residential 457,000 square metres (63%)
  • Offices 156,000 square metres (22%)

Total: 722,000 square metres

Overall project

  • Hotels 173,000 square metres (10%)
  • Retail 320,000 square metres (18%)
  • Residential 744,000 square metres (42%)
  • Offices 519,000 square metres (30%)

Total: 1,756,000 square metres

Developments

Phase I of Abdali Project

Completed developments

  • Abdali Mall Company (Abdali Mall)
  • Emirates Tourism Investment Company LLC (Rotana Amman Hotel)
  • Abdali Boulevard Company (The Boulevard)
  • Saraya Abdali for Real Estate & Investment (W Hotel)
  • Jordan Dubai Properties for Land Development Company (Business Square)
  • Jordan Dubai Islamic Bank
  • Al Eqtidar for Real Estate Development
  • The Orphan Fund Development Corporation
  • Mr. Ziad Asaad Odeh
  • Mediterranean & Gulf Insurance & Reinsurance Company
  • AJIB Real Estate Investment Company
  • Juba Investment & Development Company (Commerce One)
  • Matrix Development (Crystalle Residence)
  • Sawa International Company
  • Irsa'a Real Estate Company
  • Sultan Bouran, Ishaq Bouran & Fawaz Shalan
  • Advanced for Real Estate Investment Company
  • Al Taher Real Estate & Development Company
  • Al Waleed Real Estate
  • Audi Bank
  • EDGO Ventures Ltd (The Atrium)
  • Adnan Saffarini & Sons
  • Societe Generale de Banque-Jordan
  • Al Seraje for Real Estate Development (Abdali Gateway)
  • Damac Properties Company LLC (The Heights, Lofts & Courtyard)

Under-construction developments

  • Clemenceau Medical Center (previously Vertex Tower and Residences)
  • Al Riyah Real Estate Development Company (Kawar Keystone)
  • Al Seraje for Real Estate Development (Le Gray Hotel)
  • Sino Gulf for Real-estate Investments

Planned developments

  • Abdali Mall Company (Abdali Mall Tower)
  • Saraya Jordan (Tameer Capital Tower)
  • Abdali Investment & Development PSC (Al-Hamad 1B Tower)
  • Philadelphia for Commercial Complexes LLC (The Avenue)
  • Bank al Etihad (K Tower)

Phase II of Abdali Project

See also

References

  1. ↑ "Jordan's $5 billion Abdali project: serious investment potential". Retrieved 2015-08-21.
  2. ↑ "Shiny new downtown launched in Amman". Retrieved 2015-08-21.
  3. ↑ Project Overview Archived July 13, 2012, at the Wayback Machine.
  4. ↑ "New Investment for Hariri in Jordan soon". Khaberni. 3 March 2018. Retrieved 3 March 2018.
  5. ↑ Components
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.