Jordan's King Abdullah II on Sunday laid the foundation stone for Jordan Gate, signaling the development of phase I of Gulf Finance House (GFH)'s prestigious US$ 1 billion Royal Metropolis in Jordan.
According to Petra, The Gate will be developed in partnership with the Greater Amman Municipality, Kuwait's leading financial institution, KFIC, Al Hamad Contracting Company ( Al Hamad ) and Hilton International.
The project will be a futuristic development comprising two high-rise towers connected to a shopping mall and a services area. These buildings will together encompass a built up area of some 220,000 square meters.
Commenting on the development of the Royal Metropolis project, Dr. Fuad Al Omar, Chairman of GFH said: " On behalf of the Board of Directors of GFH, I would like to thank His Majesty King Abdullah II for his presence here today, and for all his support and continuous interest in developing the Jordan economy for the benefit of its people."
Dr. Al Omar added the Royal Metropolis has been conceived as a significant development that will enhance the flow of inward investments into the country, while adding value to Jordan's economic proposition to overseas investors.
"Royal Metropolis mirrors regional expansion of GFH and its contribution to promoting infrastructure projects for the economic growth of the region. This project is one of the major projects in the region and reflects GFH's strategy to develop infrastructure in the region," he said.
Jordan Gate will provide prime, quality office space for international companies keen to set up a base in Jordan complete with proper security and building management systems. It will also offer modern conference facilities, an ultra-luxurious five-star hotel and an array of retail outlets. The development, built at a prime location at 6 Circle in Amman, will occupy the highest point in the city and upon completion will be visible from every part of the capital.
