09 April 2009
AMMAN (Petra) - Abdali Investment & Development Company Chief Executive Officer Jamal Itani said Wednesday that there is a slight delay in the construction of high-rise towers of the Abdali Urban Regeneration Project.
Emphasising that such a delay is normal in such a megaproject, he affirmed that none of the project plans was cancelled and none of the project investors has withdrawn from the project. He said if prices of construction materials continue to drop, there will be a slight 10 per cent reduction in the cost of the project, estimated at over $5 billion.
AMMAN (Petra) - Abdali Investment & Development Company Chief Executive Officer Jamal Itani said Wednesday that there is a slight delay in the construction of high-rise towers of the Abdali Urban Regeneration Project.
Emphasising that such a delay is normal in such a megaproject, he affirmed that none of the project plans was cancelled and none of the project investors has withdrawn from the project. He said if prices of construction materials continue to drop, there will be a slight 10 per cent reduction in the cost of the project, estimated at over $5 billion.
© Jordan Times 2009
