Abdali Project
Coordinates: 31°57′49.6″N 35°54′22.1″E / 31.963778°N 35.906139°E
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]
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
Gallery
- One of the buildings in March 2010
- View of Rotana Hotel Amman
- Eastern side of Abdali Project in 2013
- Eastern side of Abdali Project
See also
References
- ↑ "Jordan's $5 billion Abdali project: serious investment potential". Retrieved 2015-08-21.
- ↑ "Shiny new downtown launched in Amman". Retrieved 2015-08-21.
- ↑ Project Overview Archived July 13, 2012, at the Wayback Machine.
- ↑ "New Investment for Hariri in Jordan soon". Khaberni. 3 March 2018. Retrieved 3 March 2018.
- ↑ Components