The Minister of Investment visits the Abdali project and confirms the ministry’s support for attracting more investments for the project

2023-05-10 10:28:24

Watan Al-Youm: Minister of Investment Kholoud Al-Saqqaf affirmed that the Abdali project is considered one of the successful investment and development projects with multiple uses, and is considered one of the important landmarks in Jordan, and a model for partnership between the public and private sectors, and that the investment environment is successful and capable of attracting many international investors who see in the Kingdom suitable place for their investments.
This came during her visit today to the Abdali Company for Investment and Real Estate Development, at the head of a delegation from the Ministry of Investment, and her meeting with the Chairman of the Board of Directors of the company, Amer Al-Fayez, and their concerned managers.
Al-Saqqaf said that the Ministry of Investment is concerned with following up all investment projects and communicating with investors to learn about their future aspirations, overcoming any challenges they face and finding the best ways to solve them. and their aspirations.
Al-Saqqaf reviewed the most important reforms pursued by the government to enhance Jordan’s investment position, such as approving the investment environment law, which was among the best international practices in attracting investment, and establishing the Ministry of Investment to be the main reference for investment in the Kingdom. She also touched on the plans of the Ministry of Investment aimed at attracting and enabling investments in order to encourage them to Expansion and ways to enhance cooperation between the public and private sectors.
During the meeting, it was agreed to cooperate with the Ministry of Investment to promote the second phase of the Abdali project, upon completion of the comprehensive plan and preliminary feasibility studies, on the (Invest in Jordan) platform, which the Ministry is preparing as a highly competitive local investment opportunity.
For his part, Amer Al-Fayez, Chairman of the Board of Directors of Al-Abdali Investment and Development Company, said: “We were pleased with the visit of the Minister of Investment and her accompanying delegation, which is of great importance as it indicates the status of Al-Abdali, and his role as a key partner for the public sector in the development process, appreciating the great interest in Al-Abdali, which is a window of opportunity.” The golden investment that we look forward to working on strengthening in cooperation with the Ministry and reaping the desired results at the institutional and national level, by taking advantage of the advantages of Abdali, which is a modern model for investing in mega projects locally and globally, and a lever for the national economy, and an attractive destination for its development design and components that meet the requirements of life and its plans. future based on the principles of sustainability and continuous development, including the launch of the second phase in the coming months, which will cover an area of ​​134 thousand square meters with a development area of ​​1.4 million square meters, to continue the effective contribution to transforming the Kingdom into a global destination.”
It is worth noting that the Abdali project is the most prominent and largest multi-use development project that was established at an investment cost of more than $5 billion, as foreign and Arab investments worth more than $2.4 billion were attracted in many investment sectors, which contributed to saving about $13,000. job opportunity.