Jordan: EBRD finances shopping centre in Amman, 80 mln loan

project should lead to energy and water savings of about 50%

26 July, 13:28

    (ANSAmed) - BRUSSELS, JULY 26 - The European Bank for Reconstruction and Development (EBRD) is supporting the development of a new shopping and entertainment centre in Amman that will create employment opportunities and help spur economic activity in the Jordanian capital.

    The aim of the 80 million loan dollars is to stimulate environmentally friendly regeneration in the city. The new centre will help stimulate further investment in Amman and support the city's development as a regional business hub.

    The EBRD financing will place a high priority on efficient use of energy and the recycling of water at the new complex - the Abdali Retail and Entertainment Centre. Efficient energy and resource utilisation is crucial in Jordan, given that it imports 97 per cent of its energy, and is one of the driest countries in the world. The construction will involve advanced technology aimed at ensuring environmental sustainability, including the use of natural heating and cooling, natural lighting and extensive water recycling, which should lead to energy and water savings of about 50 per cent in comparison to similar projects in the country. The new centre is likely to create up to 2,000 new jobs, mainly in retail, facilities management and other related sectors, in addition to 2,000 construction-related jobs.

    he mall is expected to attract international and local retailers, and will incorporate restaurants, cinemas and a children's entertainment area. It will also provide space for small producers and traders to sell local products.

    This is the EBRD's second largest investment in Jordan to date. (ANSAmed)
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