Amman Vision Investment and Development Announces the Signing of New Agreements Under the Second Phase of Investment Opportunities

Amman - 20 February 2022: Under the patronage of the Mayor of Amman, Dr. Yousef Al-Shawarbeh, Amman Vision Investment and Development, represented by its Chief Executive Officer Eng. Hamza Al-Haj Hassan, signed a number of new investment agreements for projects offered under the company's second phase, in the presence of the General Manager of Bank Al Etihad, Ms. Nadia Al-Saeed, the General Manager of Cairo Amman Bank, Mr. Kamal Al-Bakri, and representatives of the parties benefiting from the new investment opportunities.

The second-phase agreements covered four investment projects, as follows: the Bank Al Etihad agreement and the Cairo Amman Bank agreement for the Banking District project in the Abdoun area, each with an investment value of up to JOD 2 million; in addition to a commercial project in the Abu Nusair area with an investment value of up to JOD 2.5 million, and a commercial project in the Albnayat area with an investment value of up to half a million Jordanian dinars.

In the same context, the representatives of the parties benefiting from the recently signed investment opportunities praised the professionalism shown by the Amman Vision Investment and Development team, reflected in the speed and smoothness with which the agreements were concluded, alongside attention to the finest details and expertise in dealings and communication.

Al-Haj Hassan noted that, in line with the directives of the Chairman of the Board and Mayor of Amman, Dr. Yousef Al-Shawarbeh, investment land is available to everyone through competitive investment opportunities announced by Amman Vision Investment and Development, and that the company is now focusing on small and medium projects, which international experience has shown to be the best route to economic recovery and job creation. He explained that the third group of investment opportunities had been offered at the beginning of that month, covering a range of opportunities in different areas of the capital Amman, and that applications remained open, noting that the terms of reference are available on the website www.ammanvision.jo.

Amman Vision Investment and Development is the investment and development arm of the Greater Amman Municipality and the principal developer of the land and investment rights owned by the Municipality. It offers many investment opportunities in land, assets, and investment and development rights to investors wishing to deliver successful and viable projects, contribute to the advancement of the capital Amman and the Kingdom as a whole, and drive the national economy forward in fulfilment of the Royal vision.