Developer reveals $5bn project in Jordan
Horizon Group to build 3.84km² mixed-use development in Amman
Property development and investment firm Horizon Group has announced the launch of a $5bn mixed-use development, according to Jordan’s The Daily Star newspaper.
With a combined land and built-up area of 1.8km², Abdali will be the largest mixed-use development project ever constructed in the Jordanian capital,
The project will be divided into two phases, with the first comprising a planned pedestrian-orientated mixed-use community consisting of residential apartments, office spaces, retail outlets and hotels over a built-up area of 1km².
Abdali’s buildings are designed to have an average 30-metre height and will offer retail space of 22,000m², leasable rooftop areas and terraces of 18,000m², 120 retail outlets, 400 luxury serviced apartments, 30,000m² of offices and 1,700 underground parking spaces.
Abdali is a joint venture between the government-owned real estate developer National Resources and Development Corporation and Horizon International for Development, a construction conglomerate owned by Bahaa Hariri.
The joint venture is also in partnership with the United Real Estate Company, which is part of the Kuwait Projects Company, according to The Daily Star report.
Beyond Jordan, Horizon Group also operates in Saudi Arabia and Lebanon.