the abdali new downtown awarded “best real estate project” at the arabian business achievment award 2008

In a ceremony organized by ITP Group and held at the Four Seasons Hotel in Amman, the Abdali New Downtown project was granted the award for “Best Real Estate Project”. The Arabian Business Achievement award 2008 was held this year in Amman under the patronage of H.E. Nader Al Dahabi, Prime Minister of the Hashemite Kingdom of Jordan and in the presence of local and regional business leaders, government officials and key reporters.

The Arabian Business Achievement Award is a much awaited event held every year in different parts of the Arab world such as Dubai, Kuwait and Riyadh. Due to the increasing interest in the economic growth of Jordan, ITP decided to hold the ceremony this year in Amman and award companies and personalities under different categories, to name but the few: Entrepreneur of the Year, Best Real Estate Project, Social Responsibility Award, Business woman if the year, Best Industrial company, and other categories directly linked to businesses and achievers.

During the award Ceremony, Mr. Jamal Itani, CEO of Abdali Psc Stated: “We are deeply touched to receive the Award of “Best Real Estate Project” in Jordan. We strongly believe that the Abdali New Downtown project should be recognized by each end every Jordanian since it represents the future of the Kingdom. The new Downtown is a project that will drive Amman into the 21st century and puts it in Par with the best city centre of the world.”

The Abdali New Downtown project accounts today as the largest project in Amman, the capital of Jordan, in terms of its magnitude and impact on the various sectors and activities. Through its collaboration with renowned multinational developers, it has created a core hub and city-center which offers the highest level of technology and a foundation for future business and investment opportunities. Amid the wave of developments rising in Jordan, the new downtown has witnessed admiration and encouragement from key influencers at both the public and private levels. The new downtown of Amman, Abdali, is strongly and solidly positioned as “the future business district of Jordan” and has had the official endorsement by the Mayor of Amman, and the government.

About Abdali PSC - Jordan

Abdali Investment and Development PSC is a land-development private shareholding company established to handle the development of the Abdali urban regeneration project, the new downtown of Amman. The Abdali project is by far the largest mixed-use development project ever encountered in the heart of Amman. To be developed on 384,000m² of land, the project will comprise of a total built up area of more than 1.8 million sqm consisting of residential apartments, office space, commercial and retail outlets as well as entertainment. Abdali with a value exceeding USD3 billion will be the premium central business and residential district of Amman and will catapult the city into the 21st century, placing it at par with most renowned cities of the world.