ammonnews.net

Ammon News - AMMONNEWS - Arabtec Construction has been awarded a $197m contract from Al Maabar International Investment to build a new hotel resort in Amman.

The company will build the new St Regis Amman and The Residences at the St Regis Amman project in Jordan. This will consist of three 17-storey towers linked by a podium with three basement parking level towers.

One tower will feature the 260-bed hotel, while the other two will contain The Residences - the first private branded residences available to buy in Jordan.

The podium level will contain 25 boutique stores, four restaurants, a cafe, pool, fitness centre, a spa, and conference and business facilities.

The two remaining towers will have 79 apartments containing two, three and four bedrooms. there will also be a number of 5-bed skiy villa units.

Residents will have access to services such as a pool, business centre, a dedicated lobby, playgrounds, a butler service, private theatre and executive lounges.
The contract was signed by HE Yousef Mohammed Al Nowais, managing director of Al Maabar International Investment, and Arabtec CEO Hasan Abdullah Ismaik.

Arabtec won the award from a shortlist of ten bidders who initially tendered last year. Work is set to start in July and take 33 months to complete.

Al Nowais said: “Jordan is of great strategic importance to the Middle East and North Africa region and we are committed to driving long-term sustainability and economic growth to Jordan through our mixed-use development projects.

“We are delighted to appoint Arabtec as our lead construction contractor for the St. Regis property in Amman. This partnership reflects our commitment to working with the best-in-class to deliver the first St. Regis property to be developed in Jordan as part of our vision to deliver world-class mixed-use properties for our stakeholders.

Ismaik added: “We are proud to be partnering with Al Maabar on this prestigious project that will not only add a new landmark to Amman’s skyline but also contribute to the vibrancy and lifestyle of the city.

"For Arabtec, this is a significant step into Jordan and an important development in our strategy to expand our regional footprint.” (ConstructionWeekonline.com)