New Abdali

New Abdali is an area in the Al-Abdali district in Amman, Jordan. Its development plan, launched in 2005, consisting of hotels, apartments, offices, commercial outlets and entertainment to be developed on 384,000 square metres (0.148 sq mi) of land, intending to create a total built-up area of over 2,000,000 square metres (0.77 sq mi).[1][2]

Abdali as of 2018
A scaled-down model of the New Abdali with all of its phases completed

The first phase of the project is nearly complete with the second phase being still on hold.[3]

History

The project's idea was conceived in the early 2000s during a meeting between the then Lebanese prime minister and business tycoon Rafic Hariri, and King Abdullah.[4]

The project components

Source:[5]

A graphical representation of the project's built-up area.

Phase I

It is envisioned as the commercial and business center of Amman. Phase I contains the following built up area:

  • Residential 287,000 square metres (28%)
  • Offices 363,000 square metres (35%)
  • Hotels 111,000 square metres (11%)
  • Retail 273,000 square metres (26%)

Total: 1,034,000 square metres

Phase II

It is envisioned with a central green park. Phase II contains the following built up area:

  • Hotels 62,000 square metres (9%)
  • Retail 47,000 square metres (6%)
  • Residential 457,000 square metres (63%)
  • Offices 156,000 square metres (22%)

Total: 722,000 square metres

Overall project
  • Hotels 173,000 square metres (10%)
  • Retail 320,000 square metres (18%)
  • Residential 744,000 square metres (42%)
  • Offices 519,000 square metres (30%)

Total: 1,756,000 square metres

Developments

Phase I of Abdali Project

Completed developments
  • Abdali Mall Company (Abdali Mall)
  • Emirates Tourism Investment Company LLC (Amman Rotana)
  • Abdali Boulevard Company (The Boulevard)
  • Saraya Abdali for Real Estate & Investment (W Hotel)
  • Al Riyah Real Estate Development Company (Kawar Keystone)
  • Jordan Dubai Properties for Land Development Company (Business Square)
  • Jordan Dubai Islamic Bank
  • Al Eqtidar for Real Estate Development
  • The Orphan Fund Development Corporation
  • Mr. Ziad Asaad Odeh
  • Mediterranean & Gulf Insurance & Reinsurance Company
  • AJIB Real Estate Investment Company
  • Juba Investment & Development Company (Commerce One)
  • Matrix Development (Crystalle Residence)
  • Sawa International Company
  • Irsa'a Real Estate Company
  • Sultan Bouran, Ishaq Bouran & Fawaz Shalan
  • Advanced for Real Estate Investment Company
  • Al Taher Real Estate & Development Company
  • Al Waleed Real Estate
  • Audi Bank
  • EDGO Ventures Ltd (The Atrium)
  • Adnan Saffarini & Sons
  • Societe Generale de Banque-Jordan
  • Al Seraje for Real Estate Development (Abdali Gateway)
  • Damac Properties Company LLC (The Heights, Lofts & Courtyard)
  • Abdali Medical Center (AMC)

Under-construction developments
  • Al Seraje for Real Estate Development (Le Gray Hotel)
  • Sino Gulf for Real-estate Investments (The Edge Tower)

Planned developments
  • Abdali Mall Company (Abdali Mall Tower)
  • Saraya Jordan (Capital Tower)
  • Abdali Investment & Development PSC (Al-Hamad 1B Tower)
  • Philadelphia for Commercial Complexes LLC (The Avenue)
  • Bank al Etihad (K Tower)

Phase II of Abdali Project

See also

References
  1. "Jordan's $5 billion Abdali project: serious investment potential". Retrieved 2015-08-21.
  2. "Shiny new downtown launched in Amman". Retrieved 2015-08-21.
  3. Project Overview Archived July 13, 2012, at the Wayback Machine
  4. "New Investment for Hariri in Jordan soon". Khaberni. 3 March 2018. Retrieved 3 March 2018.
  5. Components
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