Madaen Al Nour Real Estate Investment and Development signed an agreement to invest in the Abdali Project

(Amman, 14th February, 2006) Madaen Al Nour Real Estate Company and Abdali Investment and Development PSC signed recently an agreement to invest and develop a segment in the Abdali urban regeneration project. The signing took place on the 8th February, between Mr. Ahmad Armoush, Chairman of Madaen Al Nour and Mr. Jamal Itani, General Manager, Abdali PSC; with the attendance of Mr. Saeed Suleiman, Vice Chairman of Madaen Al Nour and fellow Board Member Mr. Kamal Awamleh. The Abdali area, which was once the center of the Armed Forces and Security Department, is being given a new lease on life through the huge redevelopment process. It will soon be home to residential and commercial buildings, shopping areas, entertainment and health facilities as well as the American University of Jordan and all will be equipped with the best communications and IT technologies. "We are pleased to welcome Madaen Al Nour as investors and partners in this unique development of the new down town of Amman; as they possess the capability, skill, and expertise needed to seize this opportunity and carry out construction to the highest standards to meet Abdali.