Jordan: Abdali PSC commences construction of 12 buildings forming the Pedestrian Boulevard
Under the patronage of Prime Minister Dr. Maarouf Al Bakhit and the presence of Sheikh Baha’a Rafik Hariri, Chairman of Abdali Investment and Development PSC (Abdali PSC), the groundbreaking ceremony for the commencement of the construction of the Abdali Boulevard took place at the Abdali site on July 5, 2006. Also present were Eng. Akram Abu Hamdan, Vice Chairman of Abdali PSC, and Mr. Jamal Itani, CEO of Abdali PSC as well as other prominent personalities from Jordan and the press.
In his welcome speech, Sheikh Baha’a Hariri expressed the Hariri family’s gratitude towards the Jordan government headed by HRH King Abdullah II for sharing in the same vision of a brighter future for the country. He stated: “Based on our continuous conviction in the potential of this country, the Abdali project will come to recreate Jordan’s capital as a landmark of financial, economic, social, and cultural progression”, adding, “We stand here today to set the first stone of what is to become the beating heart of the project: The Abdali Boulevard.”
The Boulevard is the main public walkway that runs east/west between the Towers Sector and the Central Marketplace. Stretching 370 meters with 21 meters width, the Boulevard is the breathing jewel of Abdali and marks the center of the development project. It will offer visitors and residents more than 240 retail outlets ranging between 50sqm to 2000sqm in gross leasable area. The Boulevard will also offer more than 200 luxurious apartments ranging from 100sqm to 710sqm; in addition, to 27,000sqm of office space. On the rooftops, restaurants and fitness clubs with external pools and large terraces will overlook the surrounding scenes.
The Boulevard will also offer a vibrant array of choices from prestigious terrace cafes and restaurants to shop displays, public seating, and two stunning piazzas.
Mr. Itani, CEO of Abdali PSC stated: “Now that we have completed the underground works of infrastructure for the whole project, we are here to witness the groundbreaking ceremony for the commencement of the construction of the main pillar of the project, The Boulevard, a place which will become a favorite destination for the community as well as a popular tourist attraction.” In conclusion, Mr. Itani said: “We, at Abdali PSC, chose to be the first developers in this great endeavor because we intend to set the highest standards of urban development for other investors in the Abdali project who are getting ready to start construction before the end of the year.”
With the state-of-the-art infrastructure and underground works completed, the Abdali project is now ready to rise up from the ground. The Abdali project will definitely catapult Amman into a thriving and packed city, skyrocketing both commercially and financially.
The combined potential for superior business, residential, retail, cultural, and recreational facilities, promises an inspired outcome upon the realization of the new Abdali downtown in 2009, redefining and reinterpreting Amman’s every angle. It will transform the city into a paradisiacal center for outstanding commerce, foreign investment, and a place for everyone to bask in the wonders of prestigious living.
Abdali Investment and Development PSC is a land-development private shareholding company established in Jordan though the successful public-private partnership between the National Resources Investment and Development Corporation (MAWARED), a government owned investment corporation and Oger Jordan, a Jordanian a subsidiary of Saudi Oger Ltd., an international construction conglomerate specialized in investment and development of large scale real estate and construction projects.
ABOUT ABDALI URBAN REGENERATION PROJECT
Comprising an area of 350,000m2 of prime land, the Abdali development area is the largest contiguous, single-owned, vacant plot in the centre of Amman opportunely bordered by King Hussein street to the North, Nabulsi Street to the South, the existing Parliament building to the East and Queen Noor Boulevard to the West; and is surrounded by more than 25 banks and financial institutions, 16 public institutions, 12 major hotels, 9 major hospitals in addition to numerous clinics and medical centres, 4 commercial centres and key civic landmarks of the city.
The new downtown will be developed by Abdali PSC as well as local & regional investors with a commitment to creating this unique and sophisticated mixture of public and private usages.