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Taameer Jordan Holdings Launches First Phase of Sales for its Ahl Al Azim Residential City

Through its Participation in the Property Link 2008 Expo

Amman, Jordan: Taameer Jordan Holdings (TJH) is finally launching sales for Ahl Al Azm city. This much awaited step is taking place following the completion of all preparatory work needed in order to launch sales and is taking place at the Jordan 3^rd Property Link 2008 Expo being held at the Zara Exhibition center between 12^th and 15^th of May, 2008.

Implemented in collaboration with the Jordanian Housing and Urban Development Corporation (HUDC) , Ahl Al Azim city is considered one of a kind development in Jordan offering affordable accommodation to professionals and families of middle income.

Ahl Al Azm city (which translates to the "City of Will") is scheduled for completion by the end of the year 2010. The first phase of this project will be developed over an area of 3 million SQM. It will include around 16,000 apartments and villas. TJH has begun construction on the first phase of this project with the apartments and villas adhering to 8 different floor plans. These plans encompass apartments that are between 80 and 180 SQM in area and villas of 307 and 311 SQM.

"By choosing the Ahl Al Azim city as their new place of residence, people are not only choosing a new home but rather a brand new lifestyle", explained Rami Adwan, Deputy CEO for Marketing and Sales of TJH . Mr. Adwan further commented that "This project adheres to any citizen's dream to own a house of his or her own, a dream that is becoming harder to achieve in light of the rise property prices in Amman". He further stated that "The Ahl AL Azim project will be served with an efficient public transportation and a complete roads network. It will also include schools, medical centers, and more parks and green areas than any other residential neighborhood in Amman, entertainment centers, playing fields, shopping malls, car parks and worship shrines".

Mr. Adwan further affirmed that "This project offers a unique opportunity for ambitious young career-driven Jordanians and families of middle income to move from rented to fully owned accommodation in light of its extremely affordable pricing that is within varying spending powers of individuals and families".

Positioned to be a sanctuary for comfortable and well planned living, the first phase of this project will be implemented using advanced construction methods. Its infrastructure incorporates only the highest quality of building materials available and thermal insulation systems in the market. On this note, TJH has recently formed an alliance with the Royal Scientific Society (RSS) and also signed an Agreement with the International Engineering Consultancy Corporation for supervising construction activities and quality control over inputs of the construction activities. The city will be a modal residential development that is being developed in compliance with international standards of architectural excellence.

As part of its drive to be cost effective and to achieve economies of scale, TJH has invested in major components of the supply chain for the city which permits passing price efficiencies to end buyers. TJH is completing the construction of a production plant in cooperation with Al Quds for Ready Mix Concrete . This production plant will specialize in the production of wooden doors, metals, aluminum and frameworks.

TJH also announced that a full plan of the Ahl Al Azim project is available at the Zara Exhibition as part of the property link expo between 12 and 15^th of May, 2008, and later on at its show room near the 7^th circle.

-Ends-

About TAAMEER Jordan Holdings
Taameer Jordan Holdings is a public shareholding company working in real-estate development sector. Established in 2005 with a capital worth JD 300 million, it is considered the largest real-estate development company operating in Jordan with investments of USD 4 billion. Taameer Jordan Holdings is the 7^th out of the 30 largest companies listed in the Jordanian stock exchange. Its board of directors is chaired by Eng. Khalid Dahleh,. As part of its mission to provide a luxurious lifestyle for all segments of the community and expand its operations in the Middle East and North Africa, Taameer Jordan Holdings at present is working on several real-estate projects in the country, with aims to provide its clients with a valuable return on investment. The company operates several investment and real-estate development arms under its umbrella. Through its subsidiaries it strives to contribute to Jordan's economic and social development. Its projects include Ayla Park Plaza, the Red Sea Resort, Andalucia, Gardens Villas, Ahl Al Azim Residential City, and al Mushatta industrial city.

© Press Release 2008

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