Abdali PSC Announces Appointment of New Chairman

15 April

Abdali Investment & Development PSC, the master developer of the new Abdali, announced the appointment of Mr. Samih Barbir as Chairman of the Company’s Board of Directors. Mr. Barbir will bring to the Company a wealth of experience having served in managerial positions in the marketing, finance and real-estate sectors throughout Europe, Asia and the Middle East.

Mr. Barbir replaces Eng. Joseph Helou who has served as the Chairman of the Board since 2011.

Expressing his enthusiasm for taking on the new role, Mr. Barbir commented: “Abdali has brought to life a great vision for Amman, driving its potential as a world-class business and tourism regional hub. The new downtown is bringing unprecedented investment opportunities that have great growth successes, revitalizing the Kingdom’s economy. I am looking forward to contributing to the company realizing its ambitions in this next phase.”

Prior to joining Abdali, Mr. Barbir acted as Managing Director at Quilvest Private Equity in Europe and the Middle East . Previously, he was the General Manager for Saraya Sochi in the Russian Federation. Furthermore, he also served as Chairman and CEO of the Investment Development Authority of Lebanon (IDAL).

It is worth mentioning that Abdali is the largest mixed-use project in the Jordanian capital spanning over 384,000m2 with a total cost exceeding $5 billion, featuring residential, business, medical and hospitality facilities in addition to commercial and entertainment outlets.