Amman, 26th July 2009 - Abdali Investment and development PSC, the company developing the new downtown of Amman, announced lately the appointment of Mr. Mouhib Itani as new CEO for the company. Former CEO Mr. Jamal Itani, who successfully held this position for 4 years is now moving into an advisory position to the Chairman on future developments in the region and will operate out of Beirut, Lebanon.

"My years of practice in Jordan have been immense, and getting to know the country, the city of Amman and the people has been a rich and memorable experience," said Jamal Itani, former CEO of Abdali Psc. "The Abdali new downtown project will be a resounding success, bringing major positive change to the city of Amman, and the country as a whole, placing it on the regional map as a business and tourist hub.  I am proud to have contributed to that change and would like to extend my gratitude to all those who supported us while wishing prosperity for this city and the people behind it".

Newly appointed CEO, Mr. Mouhib Itani stated: "It is a privilege to be appointed CEO of Abdali Investment and Development, and look forward to building on its core strengths and increasing its impact with respect to the implementation of the Jordanian national project, the Abdali new downtown. Being a part of this unique Jordanian experience, in such an impactful and colossal project, will definitely be an inspiring journey for me.  I would also like to take this opportunity to wish Mr. Jamal Itani all the best, knowing he has worked hard and has achieved tremendous milestones in the project, during his tenure with the company."

For the past years, Mr. Mouhib Itani has held a number of senior level positions in Beirut, Lebanon. Prior to joining Abdali Psc. he served as General Director of the "Electricite Du Liban", and was highly appreciated for the job he did during his tenure as Chairman-General Director of the Port of Beirut where he successfully implemented the rehabilitation of the port. Mr. Mouhib Itani also held other leading positions in Saudi Oger, Oger Liban, the Arab United Press (Mustaqbal Newspaper) and lately before joining Abdali Psc, the position of Chairman and General Manager of Light Metal Products SAL, a company that manufactures metal cans for food and beverage Industry. 

Mr. Mouhib Itani holds a Bachelor of Science in Mechanical Engineering from the University of Manchester, a Master of Science in Refrigeration & Air Conditioning from Kings College at London University, and a degree in advanced management program for the world renowned university INSEAD in Fontainbleau, France.

-Ends-

About Abdali PSC - Jordan
Abdali Investment and Development PSC is a land development private shareholding company established to handle the development of the Abdali urban regeneration project, the new downtown of Amman. The Abdali project is by far the largest mixed use development project ever undertaken in the heart of Amman. To be developed on 384,000 sqm the project will comprise of a total built up area of more than 1.7 million sqm consisting of residential apartments, office space, commercial and retail outlets as well as entertainment venues. Abdali, with a value exceeding USD5 billion, will be the premium central business and residential district of Amman and will catapult the city into the 21st century, placing it on a par with the most renowned cities of the world.

For more information, please contact:
Abdali Psc
Luna Madi - Marketing Director              
Email: lmadi@abdali.jo
Website: www.abdali.jo 
 
Jo Chemali
Manning Selvage & Lee (MS&L)
Regional Communication Director
Email: Jo.chemali@beirut.mslpr.com

© Press Release 2009