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GFH plans to enhance Jordan investments

“The first phase of the $1 billion Royal Metropolis, was a beginning and the bank would like to enhance its investments in Jordan, said Esam Janahi, Chief Executive Officer of GFH,

Speaking at the fourth Conference for Jordanian Businessmen and Investors being held in association with the Economic and Development Department in the Royal Court, Janahi said the bank was convinced about the emerging economic prospects and investment potential of Jordan.

“Royal Metropolis is our stepping stone to Jordan, and we do believe it is a milestone project, the success of which will lead to more investments in the Hashemite Kingdom in future,” Janahi said.

Royal Metropolis comprises two phases — Jordan Gate and The Districts.' Jordan Gate is the official sponsor of the conference which will end on August 17 2005. Making a detailed presentation on GFH, its projects and the bank's involvement in the Jordan economy, Janahi said.

Jordan Gate is being constructed at a high point in Amman and once completed at the 6th Circle area will be a landmark structure visible from all parts of the capital city.

The foundation stone for Jordan Gate, which will span a built-up area of 28,500 square metres, was laid by His Majesty King Abdullah II on May 29 2005. Jordan Gate is jointly developed by GFH, KFIC and the Greater Amman Municipality.

Simultaneously, preparations are also on to commence work on Royal Village — a luxury gated residential community on 470,000 square metres in Marj Al-Hammam along the main highway to the Dead Sea, which is a salient component of the second phase of Royal Metropolis. The development partners for Royal Village are KFIC and GFH.