AMMAN – Jordan’s Minister of Investment, His Excellency Khairy Amr, received Nobles Group Chairman Omar Ayesh at the ministry’s headquarters to discuss the company’s commitment to the Jordanian market. Ayesh discussed residential and commercial projects in the pipeline, as well as progress on existing properties Nobles has brought to market in recent years. Amr and Ayesh also reviewed opportunities presented by the Amman Vision Investment & Development (AVID) initiative. Ayesh expressed the Group’s interest in specific opportunities the Greater Amman Municipality offered, and updated Amr on his discussions with His Excellency Yousef Shawarbeh regarding the relevant developments.
His Excellency and Ayesh discussed the ministry’s investor incentive schemes as well as the services designed to facilitate operations in the Kingdom, in preparation for launching a collection of projects whose investment value is estimated at $100 million in each of the tourism and commercial sectors.
Amr affirmed the Ministry of Investment’s readiness to provide any support the company would need to launch the projects discussed. He added: “Jordan has a promising investment environment with multiple opportunities available for ventures in various fields with unique advantages.” He called on business owners and investors to benefit from the investment opportunities available in Jordan, which include a secure, stable and a developed business environment. He continued that the royal directives of the Jordanian government have consistently focused on improving the business environment. His Majesty, King Abdallah, had specifically approved the Ministry of Investment to develop a road map with a clear process for creating job opportunities and attracting investments to Jordan. This includes approving legislation and economic measures as well as offer businesses services to expedite approvals and enable easier implementation of their projects.
Ayesh expressed his deep gratitude to His Excellency the Minister for his efforts to provide a productive environment for business, and for his gracious offer of support to help the company launch its new projects expeditiously. Ayesh expressed pride that Nobles had chosen Jordan as a key market within its global growth strategy, stressing that the Kingdom possesses the legislation, infrastructure and intellectual capital that make it a market of interest to investors in a range of industries.
Nobles Properties is an international real estate developer that builds distinctive lifestyle developments. The company’s Corporate Social Responsibility program includes over a thousand scholarships in 10 countries around the world, in addition to its strategic partnership with local charities and social development programs. Omar Ayesh, the company’s founder, built one of the region’s most iconic projects in Dubai, the Princess Tower, which reigned as the tallest residential tower in the world for years. Nobles Properties operates in North America, the Middle East and North Africa.