Union Land Development Unveils its Iconic Al Abdali Tower

Amman, November 2nd 2006: In line with its commitment to modernity and innovation, Union Land Development (ULD), one of the fastest growing land and real estate developers in Jordan, has recently unveiled its iconic “Al Abdali Tower” where construction will commence next year and expected to be completed over a period of 40 months.

The tower will be managed by “Paradise Towers Investment Company”, which has been newly established by four leading real estate and investment companies including Union Land Development, Union Investment Corporation, Arab United Investors, and Real Estate Development Company. The new company is headed by Mr. Issam Salfiti, as Chairman of the board of directors.

“This project marks yet another milestone for the national developers. “Al Abdali Tower” will feature a wide spectrum of world class services which will offer our customers the comfortable and practical life style they aspire”, engineer Ramzi Salfiti, General Manager of ULD commented.

The 35-storey and 137 meters high building which will be located in the fifth section of Al Abdali area in Amman will be built on a 2,270 square meters piece of land, 50 meters away from the northern gate of Al Abdali Project, and will include offices, showrooms, and one to two room suits. It will also feature seven 800 square meters floors for car parking space.

“Al Abdali Tower” will be one of ten significant towers that will be constructed in the area by different local and international developers, where the Canadian NORR GROUP will be responsible for full architectural, technical, and creative designs.

“The recent trend towards high rise buildings in Jordan reflects the increasing importance of simplicity and efficiency which we aim to achieve and maintain through Al Abdali Tower”, Eng. Salfiti concluded.

-ENDS-

For more information, please contact:

Ziad Qasem /Mouath Tarshihi
Asdaa Public Relations – Jordan
Tel: +962 6 5520791
Fax: +962 6 5519271

About Union Land Development (ULD):

Union Land Development Company (ULD) is a public shareholding company that was established in 1995, as a result of the mergence of Jordan Gulf Company for Real Estate Investments and Petra for Projects and Equipment Rentals, with a starting capital of 5 million JD.

On June 1st 2004, ULD acquired the Middle East & Commodore Hotels Company, thus increasing its capital to 7 million JD. Recently, ULD has increased its capital to 45 million JDs. ULD's major functions and services are:

I) Investment in land and real estate; developing it for various projects such as residential, commercial, tourist, recreational, and industrial.
II) Building, owning hotels operated and managed by international hotel chains.

This release was published on openPR.