HSBC Group Chairman inaugurates HSBC Branch at the Atrium Building in Amman's Central Business District

Published April 3rd, 2010 - 08:20 GMT

Amman, Jordan, March 31st, 2010 - A ceremony was held on Wednesday 31st of March 2010 in the Jordanian capital, Amman, at The Atrium building ( in Amman’s Central Business District, Abdali, to mark the inauguration of HSBC’s Abdali Branch. Mr. Stephen Green, Group Chairman of HSBC Holdings plc, inaugurated the new branch and was hosted by Mr. Munib R. Masri, Chairman of the Edgo Group (owners of The Atrium). The ceremony took place in the presence of Sheikh Baha’a R. Hariri, Chairman of Abdali Investment and Development PSC., the Governor of the Jordan Central Bank H.E. Dr. Umayya Toukan and the Mayor of the Greater Amman Municipality, H.E. Eng. Omar Maani who were present as guests of honour.
HSBC announced its decision to open a branch at The Atrium in December of 2008 under a long-term lease agreement with the Edgo Group, owners and developers of the building. The Atrium, scheduled for completion in December of this year, is strategically located at the heart of the Abdali Central Business District and looks onto the Project’s two main centers of activity, the Boulevard and the Central Market Place.
Mr. Masri explained the significance of the Abdali Project as creating a new and fully integrated business centre that was previously missing from Amman. The development of Abdali is expected to elevate the business image of the country and encourage additional investments, both from Jordan as well as from the region. Mr. Masri added that HSBC’s foresight in planning early to be present in the capital’s new business hub affirms the importance of the Project as well as the bank’s commitment to Jordan according to the HSBC approach of being the “World’s Local Bank”. Mr Masri stressed Edgo Group’s strong commitment and belief in the prospects and opportunities that Jordan holds, including Edgo’s partnership with the Government of Jordan in the management and construction of Queen Alia International Airport’s new terminal as well as various projects and investments that the Group has committed to in the Kingdom over the past 53 years.
Sheikh Baha’a R. Hariri stated “HSBC’s decision to open a branch in Abdali, Amman’s Central Business District, is proof that there is widespread belief in the future of the project. Today’s event highlights the economic stability in Jordan and the continuous trust in the system as is shown by HSBC’s expansion into one of the main projects in the capital, underlining the belief in the up and coming central Business District. As new local and global companies take root in Abdali, the future of Amman promises to be more prosperous as is evident today.  Abdali will soon be the thriving center of the capital”.

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