Thursday, August 28, 2008

Abdali Investment and Development PSC Organizes Tour of Abdali New Downtown

The management of Abdali Investment and Development PSC recently organized a media tour of the Abdali New Downtown for all members of the local press and television.

The new project has attracted more than 28 local investors and prominent names such as Dumac, Dubai Contracting Company, Turnkey Management, Abdali Boulevard Company, Saraya, Madaen Al Noor, Al Hamad, Rotana, and Tameer International.

The project has dedicated over 60 percent of the parcels to buildings which include the Boulevard construction site. The Boulevard will serve as a key location in the new Abdali downtown and will provide over 130 retail outlets, 400 five-star serviced apartments, 30,000 m2 of serviced office space, and a rooftop experience that will host restaurants, fitness clubs, terraces, and pools overlooking the city. The Boulevard will become a major regional and international shopping destination and business district.

It is projected that Amman will have a new downtown of retail, business, serviced apartments, and serviced offices as well as lifestyle accommodations by the year 2010 with the support of investors, the government, and other key entities in the kingdom. The Abdali New Downtown project projects the company’s goal to position Amman as one of the most advanced business, retail, and luxury destinations in the world.

The Abdali New Downtown project is currently the largest project in Amman and will be known for its impact on various sectors and activities. Its collaboration with multinational developers has created a core hub and city-center which offers high end technology and a sound foundation for future business and investment opportunities with regard to retail, serviced office and serviced apartment accommodations.

The first phase of the Abdali New Downtown currently has more than 55 percent of the dedicated parcels under construction. 60 percent is dedicated to buildings and 40 percent is dedicated to public services, roads, and public gardens.

Contractors recently completed the largest continuous pour ever to occur in Amman which will allow the Boulevard site to reach ground level. The project will also coordinate all the activities sponsored by Abdali within the youth programs and unite them under one roof.