Gulf investments in Jordan are concentrated in the country's property sector.
Abu Dhabi's Al Maabar is developing two major projects there: Marsa Zayed, a port on the Red Sea that is being transformed into a leisure and tourism destination; and the Abdoun development, a collection of luxury apartments, hotels and retail space in one of Amman's glitziest districts.
Emaar Properties of Dubai is building the Dh1.8 billion (US$490 million) Samarah Dead Sea Resort, and formed a subsidiary in 2006 to invest in tourism ventures with several Jordanian investors.
Damac Properties and Tameer, another pair of Dubai developers, have also invested about Dh3.6bn in the Abdali New Downtown in Amman, according to a report from 2008. Tameer is also behind a Dh1.8bn housing project in Zarqa called Madinat Al Majd.Those big outlays came as Jordan positioned itself as receptive to foreign involvement and promoted itself to countries in Europe, Asia and the Gulf as a destination for investment.It has established a number of economic free zones that offer developed-world legal structures and other incentives to companies.
As a relative latecomer to the global market for foreign investment, however, Jordan still lags many countries in the region.
Net foreign investment in the country reached a peak of $3.54bn in 2006, then trailed off to $2.38bn in 2009, according to World Bank figures.
Perhaps the highest-profile foreign investment in Jordan thus far has been France Telecom's acquisition of a 51 per cent stake in Jordan Telecom Group, which operates under the Orange brand.
But the UAE is one of the biggest sources of foreign investment in the country, with property companies alone putting in at least Dh26bn in recent years.
bhope@thenational.ae
afitch@thenational.ae
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Brolliology: A History of the Umbrella in Life and Literature
By Marion Rankine
Melville House
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
COMPANY%20PROFILE
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Results
57kg quarter-finals
Zakaria Eljamari (UAE) beat Hamed Al Matari (YEM) by points 3-0.
60kg quarter-finals
Ibrahim Bilal (UAE) beat Hyan Aljmyah (SYR) RSC round 2.
63.5kg quarter-finals
Nouredine Samir (UAE) beat Shamlan A Othman (KUW) by points 3-0.
67kg quarter-finals
Mohammed Mardi (UAE) beat Ahmad Ondash (LBN) by points 2-1.
71kg quarter-finals
Ahmad Bahman (UAE) defeated Lalthasanga Lelhchhun (IND) by points 3-0.
Amine El Moatassime (UAE) beat Seyed Kaveh Safakhaneh (IRI) by points 3-0.
81kg quarter-finals
Ilyass Habibali (UAE) beat Ahmad Hilal (PLE) by points 3-0
Neil Thomson – THE BIO
Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
Favourite book: I constantly find myself reading The Bible.
Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
THE%20SPECS
%3Cp%3EBattery%3A%2060kW%20lithium-ion%20phosphate%3Cbr%3EPower%3A%20Up%20to%20201bhp%3Cbr%3E0%20to%20100kph%3A%207.3%20seconds%3Cbr%3ERange%3A%20418km%3Cbr%3EPrice%3A%20From%20Dh149%2C900%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
The Bio
Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride
She is the eldest of 11 children, and has four brothers and six sisters.
Her dream is to meet with all of her friends online from around the world who supported her work throughout the years
Her favourite meal is pizza and stuffed vine leaves
She ams to improve her English and learn Japanese, which many animated programmes originate in
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
