Jordan to build $1bn hotel

  • Share via facebook
  • Tweet this
  • Bookmark and Share
The ancient city of Petra is the region's biggest tourist draw

The ancient city of Petra is the region's biggest tourist draw

A $1bn 475-room luxury hotel operated by Hilton Hotels, will be co-developed by Onix Investments and Koni Konsultants, both from Singapore and Koni Group of Orlando, in Jordan, the Jordan times reported.

The hotel will be located at the southeast corner of the airport highway in the capital Amman and the first phase of construction will cost around $350m, the newspaper reported.

Construction of the hotel will create about 5,600 jobs in the kingdom, according to the newspaper. No information on how the project will be financed was provided.

Jordan's tourism industry which accounts for about 7 percent of gross domestic product has suffered as a result of the protests that have swept the Arab world over the past two years and in particulr the violent conflict in neighbouring Syria.

Though the total number of visitors to the country fell by 7.3 percent in 2012 to 6.3m, total receipts increased 15.3 percent in the year from 2011, adding US$3.47bn to the economy, according to official government figures. The kingdom aims to increase tourism revenue to JD4.2bn annually by 2015.

Jordan's economy is projected to expand to about 3.5 percent this year from 3 percent last year, according to International Monetary Fund estimates.

Jordan’s new Queen Alia International Airport terminal, being built by a group of companies that include Airport International Group (AIG), will start operating on March 21, and increase capacity almost threefold, CEO Kjeld Binger told Arabian Business last month.

 The kingdom’s new terminal will increase capacity from an annual 3.5m passengers to 9m and with next phase of expansion climb to 12m, Binger said.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
UAE's role in the new space race

UAE's role in the new space race

In the last five years, the UAE has invested heavily in a bid...

Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

2
The gentleman’s lounge

The gentleman’s lounge

The new GQ bar delivers a true sense of masculinity with its...

Most Discussed