Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saraya selects contractor for its W Amman hotel mixed use tower in Abdali  Join our daily free Newsletter

MENAFN Press - 04/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN Press) Amman, Jordan:

Saraya Abdali Real Estate Investment Company, a subsidiary of Saraya Holdings, has commissioned the Amman-based Dubai Construction Company, a subsidiary of Dubai Contracting Company (DCC)to build a 78,000 sqmmixed use tower in Abdali, Amman's new downtownthat will help positionthe Jordanian capital as a regional business and tourism hub.

As part of the US200 million project, the contractorwill build W Amman, a36-storey tower comprising280-rooms and42 exclusive serviced residences. The tower tops an 8-levelpodium accommodating the commercial modules (offices &and high-end retail) and the hotel's amenities.

Starwood Hotels & Resorts Worldwide Inc., one of the leading hotel and leisure companies in the world, will launch its contemporary, design-led W brand in Jordan with the opening of W Amman. W Hotels currently has a portfolio of 43 hotels globally with plans to expand across primary cities in the Middle East such as Dubai, Abu Dhabi and Muscat.

Anticipated to open for business in 2016, the hotel will rise amidst the modern Abdali, Amman's new downtown located near the Shmeisani business district. The hotel will be surrounded with tens of major public and private institutions including banks, hotels, hospitals, and residential areas. It also has access to the latest in international retail and food andbeverage outlets where the Abdali Boulevard offers indoor/outdoor entertainment and luxury shopping.In keeping with the brand's innovative lifestyle positioning, W Amman will offer contemporary restaurant concepts and glamorous entertainment experiences, as well as a signaturespa, an outdoor pool, fitness center, and event spaces including a business center and banquet hall.

After the conclusion of a design competition where three renowned international architectural firms were invited, Saraya Abdali selected the concept design presented by Perkins & Will (P&W), themed after the unique architecture of the Nabatean city of Petra. The building's architecture and style are inspired by the rock formations of Petra, a UNESCO World Heritage site and of the New Seven Wonders of the World.

Mr. Khalil S. Saket, GM, Saraya Abdali Real Estate Investment Company, said:
"The signing of this contract is a major milestone thatushers in an exciting stage in our business plans. This project is designed to provide world-class facilities to support Jordan's tourism and business growth.

We are pleased to entrust our development project to Dubai Construction Company, a Jordanianfirmthat enjoys the full support of its parent company, DCC, who have a proven track record to their credit in the UAE and are expanding further into the region. We look forward to starting construction in a few months' time."

Mr. Abdallah H. Yabroudi, CEO of DCC said:
"We are very happy to draw on our experience and rich expertise for the implementation of this prestigious project on behalf of Saraya, which will be a positive contribution to boosting world-class infrastructure for Jordan's tourism industry.DCC is committed to the achievement of the aspired goals of both companies, which will contribute significantly to the Jordanian economy at large."

Mr. Anthony Ingham, Vice President, Luxury and Design Brands, Starwood “ Europe, Africa & Middle East commented:
"Each W Hotel has a unique design personality inspired by its local context and brought to life through innovative design collaborations that fuse W's DNA with what is extraordinary about the destination and its culture. We look forward to working with Saraya and DCC in bringing W's cutting-edge design to Amman and introducing a unique contemporary lifestyle to the city."


About Saraya Abdali Real Estate Investment Company
Saraya Abdali Real Estate Investment Company ("Saraya Abdali") is a Jordanian private shareholding company registered in Amman, Jordan on February 12, 2006. With a paid up capital ofUSD 51.15 million, the Company is currently positioned as a "Project Company" under the Saraya Holdings umbrella. About DCCDubai Contracting Company LLC is a leading regional construction company headquartered in Dubai,UAE. Since its founding in 1962, and having completed more than 15 Skyscrapers in the UAE alone, including their latest turnkey project, the Rolex Tower, DCC has expanded to construct and develop projects in Saudi Arabia and Jordan. DCC's reputation and approach focuses on attention to detail, applying industry leading standards and the achievement of high standards of quality, safety and environmental management practices. ABOUT THE WStarwood's Hotels & Resorts Worldwide Inc. is one of the leading hotel and leisure companies in the world with W Hotel positioned as Starwood's luxury boutique hotel generally marketed towards a younger crowd. W hotel is an innovative, contemporary, design-led lifestyle brand with 43 hotels and retreats around the world.Each offers a unique mix of world class designs and passions around fashion, music and entertainment. It also features world class restaurants and "on trend" bars and lounges and its signature Whatever\Whenever service standard. As part of their expansion plans in the Region, Starwood's are expected to open 5 more W destinations in the MENA region within the next 5 years.

 






  MENA News Headlines
Apr 16 2014Air Arabia takes over as RAK official carrier ,MENAFN
(MENAFN) Air Arabia said that it will commence flights from Ras Al Khaimah (RAK) early next month, Arabian Business reported. The Sharjah-based carrier said that it will take over from RAK ...

Apr 16 2014Dubai Metro passengers hit 40.5m in Q1 ,MENAFN
(MENAFN) Passenger traffic on Dubai's Metro increased to more than 40.5 million in the January-March period of this year, Arabian Business repoted. The Roads and Transport Authority (RTA) said ...

Apr 16 2014Etihad, Fiji Airways ink codeshare deal ,MENAFN
(MENAFN) Etihad Airways and Fiji Airways have signed a codesharing agreement which allows reciprocal ticket sales between them, Arabian Business reported. Etihad said that the revenue from ...

Apr 16 2014Qatar's investments in infrastructure worth USD182.21 b ,MENAFN
(MENAFN) Qatar is planning to invest USD182.21 billion in infrastructure, avoiding projects in oil and gas sector, in the next five years, Minister of Economy and trade said yesterday, The Peninsula ...

Apr 16 2014Kuwait- GIC chief participates in ABANA Summit panel discussions ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Shafic Ali, head of the Principal Investments Group at Gulf Investment Corporation (GIC) late Tuesday participated in a panel discussion on (Emerging Trends in ...

Apr 16 2014Today in Kuwait's history ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) 1961 -- First edition of "Al-Rai Al-Aam" newspaper hit the stands. 1962 -- Kuwait joined the United Nations (UN) Commission on Narcotic Drugs. 1972 -- The Amir ...

Apr 16 2014EU voices concern over increase of terrorist attacks in Nigeria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EU High Representative for foreign affairs and security policy Catherine Ashton late Tuesday "strongly condemned" the abduction of more than 100 school girls in ...

Apr 16 2014Reporters Without Borders says three more pressmen killed in Syria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Three more journalists have been killed by gunfire in the Syrian town of Maaloula, north of the capital Damascus, press freedom organisation Reporters Without ...

Apr 16 2014Three-day Sports Media Seminar begins in Doha ,The Peninsula
(MENAFN - The Peninsula) A group photograph of Arab sports journalists seen with TV personality Saad Al Rumaihi, Mohammed Al Malki, President of Qatar Press Sports Committee (QPSC), at Marriott Hotel ...

Apr 16 2014Prisoner's freedom sought for abducted Jordan ambassador ,Arab News
(MENAFN - Arab News) Tripoli: jordan's ambassador to libya was kidnapped on tuesday by gunmen who demanded a radical militant be released from a jordanian jail in exchange for the diplomat's ...

Apr 16 2014Saudi- Qur'an contest to be held in Jeddah next month ,Arab News
(MENAFN - Arab News) The saudi society of the holy qur'an and its sciences (tibyan) is going to hold a qur'an contest involving 60 universities from the public and private sectors next month in ...

Apr 16 2014Saudi- Philippines participates in Riyadh Travel Fair ,Arab News
(MENAFN - Arab News) The riyadh travel fair kicks off here in the kingdom tower on tudesday.the philippines will be represented by the department of tourism (dot) representatives glenn raymond ...

Apr 16 2014Saudi- New arbitration center hailed by leading figures ,Arab News
(MENAFN - Arab News) Lawyers legal arbitrators and businessmen described the decision to establish a saudi commercial arbitration center which was approved by the council of ministers in its ...

Apr 16 2014Saudi- Prices of fruits vegetables in Jeddah rise ,Arab News
(MENAFN - Arab News) There has been a 50-percent increase in the price of fruits and vegetables over the past 10 days due to an imbalance in supply and demand said esmat abuzinada head of ...

Apr 16 2014Private schools urged to use fingerprint systems ,Arab News
(MENAFN - Arab News) A number of public schools have applied the biometrics attendance system on students in line with the ministry of education's new regulation.the new system electronically ...

Apr 16 2014Saudi- Exhibit to showcase 1000 paintings ,Arab News
(MENAFN - Arab News) Arabian wings (aw) will kick off fiesta 1000 a display of 1000 paintings in jeddah on thursday at the al-furusya yacht club. 'the project has received support from different ...

Apr 16 2014Saudi- Technology remains core criteria for university education ,Arab News
(MENAFN - Arab News) Technology has become a core component at higher education institutions said higher education minister khaled al-anqari on tuesday during the opening address of the fifth ...

Apr 16 2014Saudi- Sponsors to pay fines for illegals ,Arab News
(MENAFN - Arab News) The labor ministry on tuesday announced extra measures to stop illegal visa trade and streamline the labor market. a senior official said saudi sponsors involved in the ...

Apr 16 2014Mentally ill kills family of 4 before ending life ,Arab News
(MENAFN - Arab News) A sudanese man his wife and three children were found dead in their apartment in riyadh on monday the police said.'preliminary investigations showed that the 46-year-old head ...

Apr 16 2014'My Saudi posting was a blessing from God' ,Arab News
(MENAFN - Arab News) Outgoing indian consul general faiz ahmed kidwai who is leaving after serving here for three years says it was a 'blessing from god" to have had a posting in saudi arabia.in a ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help