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Project Jordan 2007
IFP Group and IFP Jordan have organized Project Jordan 2007, the 2nd International Exhibition for Building Materials, Equipment Construction Technology and Interior for Jordan and the Region. Project Jordan 2007 is designed to create a constructive meeting place...
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10/12/2007 to
13/12/2007 |
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Jordan |
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Article
Second International Exhibition for Building Materials, Equipment and Technology
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Jordan’s economy is booming! Exceptional demand for building products, interiors and construction technologies.Heightened local and foreign interest in Jordan’s property market |
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Real estate and construction are one of the most active sectors of the Jordanian economy today. According to the Jordanian Ministry of Public Works and Housing, Jordan can expect $21 billion of investment in the construction sector over the next few years. Major drivers include increased rates of population growth, higher liquidity levels in the region from the rise in international oil prices, and an attractive foreign investments environment where capital gains from property investment are tax-free. Increasingly, international investors and Jordanian expatriates are moving toward multi-billion USD construction ventures in the Kingdom. Also, it is estimated that over 500,000 Iraqis have relocated to Jordan in the last couple of years leading to an increased demand for apartments and office space |
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Increased construction opportunities in Jordan drive IFP to organize the second Project Jordan exhibition |
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Following on from the success of last year’s exhibition, and responding to the changes and needs of the Jordanian building and construction market, IFP Group and IFP Jordan have organized Project Jordan 2007, the 2nd International Exhibition for Building Materials, Equipment Construction Technology and Interior for Jordan and the Region. Project Jordan 2007 is designed to create a constructive meeting place and a knowledgeable forum for real estate investors and developers to liaise and network with suppliers and manufacturers of building materials, construction equipment, importers and specifiers at a time when Jordan is experiencing considerable resurgence in its construction sector. And once constructed, investors will require a wide range of finishing products and glamorous interiors for their homes, hotels and offices. |
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Why you need to be there |
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Only Project Jordan 2007 will attract the leading players in the construction, building, design and interior industries. Only here will you be able to build relationships with senior decision makers, generate solid leads, gain exposure for your products and services, and line up capable agents, distributors, and partners. Whether you are a small or large supplier in this exciting market, Project Jordan 2007 is the ideal venue for both established businesses and newcomers to Jordan and the region. And only here will you gain access to exhibitors and visitors to EKAR Invest 2007, a magnet for major figures in real estate, investment, insurance and banking, which is being held concurrently with Project Jordan 2007 and will provide you and your partners with easy access to a full range of financing options. |
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Billions of USD is being spent on prime sites in the capital, the Dead Sea and the Red Sea port of Aqaba |
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Large-scale investment is transforming many of Jordan’s key business and tourist locations. Construction work has already begun on the Jordanian capital’s largest property development, the $1 billion Al-Abdali New Downtown Project. Additional new developments in Amman include the $1 billion “Jordan Gateway” and “Royal Village” projects. The next few years will also see the development of the $10 billion Aqaba Prototype City in the economic region of Aqaba. Investors have already started selling seaside residential units in this city that is crowded with huge real estate development opportunities including the $500 million Tala Bay project, and the “Ayla Oasis” which will consist of 800 housing units, 1500 five star hotel rooms, a golf course and other leisure activities. On the western tip of Aqaba, by the sea, the Saraya Aqaba project is estimated to cost over $995.7 million with an overall construction cost of $700 million, and will include five 5 star luxury hotels and a series of commercial development projects in the city center. |
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Showcase your projects and enjoy top exposure at the heart of the most vibrant market in the region |
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Last year’s exhibition, Project Jordan 2006, The 1st International Exhibition for Building Materials Equipment and Technology, held concurrently with Ekar Invest 2006, The 1st International Exhibition for Real Estate Investment and Banking Exhibition, attracted 110 local and international exhibitors from Belgium, Brazil, Germany, Cyprus, Italy, Lebanon, the United Arab Emirates, Syria and Jordan. Over 12,000 visitors attended the show. 95% of exhibitors said that they were very satisfied with the exhibition and that 91% of their visitors were of good or very good quality. |
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Multibillion USD residential city near Zarqa in Jordan named after King Abdullah Ben Abdul Aziz of Saudi Arabia |
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A multimillion USD residential city named after King Abdullah Ben Abdul Aziz of Saudi Arabia will be built near Zarqa to tackle overcrowding and help citizens on low and limited incomes buy suitable housing. The 70,000-unit project, will be built on 21,000 state-owned dunums and is designed to house 370,000 citizens. Each housing unit will cost around $42,000 (JD30,000). The cost of the land on which the city will be built was estimated at around $847 million (JD600 million), while another $917 million (JD650 million) will go to infrastructure projects. The National Resources Investment and Development Corporation (MAWARED), private sector firms and Saudi companies will implement the mega-project, expected to create jobs and attract investments. | |
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