Latest news with #TheAbdali
Jordan Times
30-04-2025
- Business
- Jordan Times
Abdali Investment and Development launches first Women's Cycling Race
Organised in partnership with the Jordan Cycling Federation, the event is scheduled to take place on May 16 in the heart of Abdali (Photo courtesy of Abdali Investment and Development) AMMAN — As part of its commitment to empowering women and championing healthier lifestyles, Abdali Investment and Development on Tuesday announced the launch of its inaugural Women's Cycling Race. Organised in partnership with the Jordan Cycling Federation, the event is scheduled to take place on May 16 in the heart of Abdali, according to a statement by Abdali Investment and Development. This community event aims to spotlight the role of sports in enriching women's lives, encourage widespread engagement in physical wellness and inspire young girls to step into new experiences that build both mental resilience and physical strength within a safe and supportive environment, the company said. To ensure broad participation and make the event accessible to all, the company is offering complimentary bicycles and helmets for those without their own gear, along with free registration. The race is expected to attract more than 60 cyclists of various age groups. The race will kick off near the outdoor parking area adjacent to The Boulevard, with preparations starting at 7:00am. Cyclists will set off at 8:00am with a fun orientation lap around the route, followed by four official laps totalling approximately 16 kilometres. To make the experience more engaging for the public, the race will be broadcast live on a large screen at The Boulevard Amphitheater, giving friends and families the chance to follow the action and cheer on the cyclists. The event will conclude with an award ceremony at 11:00am, during which participants will receive commemorative medals. The top three winners will receive cash prizes of JD200, JD150 and JD100, respectively, along with honorary trophies in recognition of their achievement. 'We are excited to be hosting this event as part of our corporate social responsibility. At The Abdali, we believe that empowering women and promoting community sports are essential pillars in building a more sustainable and inclusive society,' said Abdali Group CEO Amer Ahmad Tarawneh. 'This race represents a significant milestone in our efforts to elevate female participation across different activities, and we are committed to making it an annual tradition to continue to inspire and uplift women through sports,' Tarawneh added. The statement said that registration is now open via the following link:
Jordan Times
12-03-2025
- Business
- Jordan Times
Unlocking investment opportunities in Jordan's emerging economy
Jordan is building a future that strengthens its economy, reclaims its leadership in education and empowers youth to "soar in the skies of innovation" - as envisioned by His Majesty King Abdullah. The Economic Modernization Vision outlines a ten-year roadmap for growth in key sectors such as technology, renewable energy and tourism. This vision isn't just a policy; it's a commitment to creating a resilient, inclusive economy that attracts investment and drives sustainable development. With clear goals, forward-thinking policies and strong infrastructure, Jordan offers excellent opportunities for investors ready to be part of a shared vision of progress. Take the Kingdom's technology sector, for example, which is becoming a regional hub for innovation. As part of the Economic Modernization Vision, the goal is to significantly boost the ICT sector's contribution to GDP by 2033. To further this, His Majesty also directed the Prime Ministry to establish the National Council for Future Technology, overseen by His Royal Highness Crown Prince Al Hussein. This council plays a pivotal role in harnessing opportunities to shape a robust, resilient economy while fostering an environment that encourages innovation and entrepreneurship. His Majesty continues to emphasize that technology is not just an economic tool but a transformative force for Jordan. Advancements in fintech, AI and e-commerce are already positioning the Kingdom as a key destination for digital investors. Combined with a favorable regulatory environment and a young, skilled workforce, Jordan is on track to become a major player in the digital economy. In renewable energy, Jordan is already a leader in solar and wind power. The Kingdom aims to achieve 50 per cent of its energy mix from renewables by 2030. This push towards green energy not only supports sustainability but also creates exciting investment opportunities in cutting-edge energy projects. With abundant solar and wind resources, Jordan offers strong returns for investors focused on environmentally responsible initiatives. Tourism, a cornerstone of the national economy, is also evolving. Beyond iconic sites like Petra and Wadi Rum, the Kingdom is expanding into eco-tourism, adventure and cultural experiences. By 2033, the goal is to significantly increase tourism receipts, aligning with global trends in sustainable and immersive travel. Investors looking for high-growth, responsible tourism markets will find plenty of opportunity in Jordan's expanding tourism sector. A prime example of Jordan's vision in action is The Abdali project. This mixed-use development in Amman has transformed the city's skyline, creating a dynamic hub for business, retail, healthcare and residential life. The Abdali shows how strategic urban planning can drive both investment and economic vitality, presenting a model for future developments in Jordan. Jordan's growth, backed by strategic planning and foresight, lends a unique blend of stability and potential for investors. As the Kingdom strengthens its leadership in technology, renewable energy and tourism, it is shaping a future where economic opportunity and sustainable progress go hand in hand. Investors who get involved today are not just tapping into a growing market; they are helping build a future of shared prosperity, resilience and innovation. Amer Al-Fayez is president and chairman of Abdali Investment & Development Page 2
