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Project Near East 2009
04 May - 07 May 2009
The only construction exhibition serving the markets of Jordan, Iraq, Syria and the Palestinian Territories – Incorporating Rebuild Iraq Exhibition
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| Exhibition Overview |
ONE SHOW, FOUR MASSIVE MARKETS
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| IFP has merged two of our most successful shows – Rebuild Iraq and Project Jordan – into one mega IFP event. Now with one visit to Amman, Jordan you’ll gain exclusive access to lucrative construction and development markets: Jordan, Iraq, Syria and the Palestinian Territories. |
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CULTIVATE CONTACTS AND FACILITATE DEALS. THIS IS YOUR OPPORTUNITY FOR NEAR EAST CONNECTIVITY.
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| You’ll connect face-to-face with investors, developers, government officials and other key players responsible for the multitude of multi-billion dollar construction projects in Jordan, Iraq, Syria and the Palestinian Territories. The Near East’s construction boom is in full swing. Now is the time to break into these markets, or boost your already-established presence there. |
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AMMAN – GATEWAY TO NEAR EAST MARKETS
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| Because of Jordan’s strategic location, open relationships with neighboring countries and business-friendly laws for foreign investors, Amman is well known as a hub for business. And the Kingdom’s political and economic stability has fostered its position as a trade base, particularly for Iraq, Syria and the Palestinian Territories. |
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WHY AMMAN?
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| Iraqi businessmen and investors. Amman is the preferred residence for prominent Iraqi businessmen and investors. Project Near East offers international, regional and local companies an unprecedented opportunity - risk-free -- to be a part of Iraq’s reconstruction. Palestinian businessmen have permission to travel to Jordan (have free movement privileges). For the first time, Palestinian businessmen will have an opportunity to participate in an IFP event to establish the necessary business partnerships to carry out the territories’ much-needed development and rehabilitation. Investor friendly to foreigners. Foreign and Jordanian investors alike are treated equally under Jordanian law. Except for some trade and contracting services which require a Jordanian partner, non-Jordanians can engage in any economic activity in the Kingdom. Foreigners are permitted to fully own a project or any part of it. Favorable tax and customs duty. Many sectors in Jordan enjoy such treatment, including: agriculture, hotels, hospitals, maritime transport, railways, leisure and recreational compounds, convention and exhibition centers, as well as pipeline transportation, distribution services for water, gas and petroleum derivatives. In addition, Jordan is at the forefront of liberal Middle East economies, and has earned worldwide respect for its reforms and economic initiatives. |
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HERE IS A GLIMPSE AT JUST SOME OF THE NEAR EAST’S ATTENTION-GRABBING CONSTRUCTION PROJECTS
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IRAQ: More than $63 Billion has been allocated for reconstruction projects, and the new Iraqi government is expected to spend an estimated $150 Billion for reconstruction of key sectors, including:
• $17 Billion for Baghdad International Airport
• $12 Billion for the port of Basra
• $15 Billion to construct the Al-Rasheed City near Baghdad
• $5 Billion to build 4,000 schools
• Baghdad Municipality to spend $1 billion through the national budget for public works.
The relatively stable northern region of Kurdistan, in particular, is generating attention. Efforts by the Kurdistan Development Corporation to attract top-caliber international investment to a region that has been described as the Northern Gateway to Iraq are fruitful. A new investment law for the Kurdistan region, offering generous incentives to foreign investors, is being cited as one of the most investor-friendly laws in the Middle East. Kurdistan boasts a real estate industry currently worth approximately $10 Billion. Upcoming projects in the region include:
• $15.3 Billion for Tarin Hills - residential, commercial and hospitality buildings
• $16 Billion worth of projects in Erbil, Sulaymaniya and Duhok
JORDAN: “Exploding” best describes Jordan’s construction market. The real estate market in Jordan has been developing at an unprecedented pace over the past few years. New investments are pouring into the kingdom, and in view of the projects that the Greater Amman Municipality is undertaking, such as the master plan of Amman, the real estate sector is expected to see additional growth. Just housing and tourist construction projects total more than $22.264 Billion including 100,000 houses in northern, central and southern parts of Jordan at a cost of $7 billion, the $3 billion Abdali Regeneration Project (new downtown for Amman), the $1.41 billion Al Mushatta Industrial City, the $2.1 billion Mansion Hills Aqaba, the $1.4 billion Saraya Aqaba, the $1.27 billion Al Jiza Residential City, just to name a few.
Other projects include:
• $6 Billion to produce electrical power from shale
• $5 Billion for the Red Sea port of Aqaba
• $990 Million for the Disi water project
• $700 Million for the rehabilitation of Queen Alia International Airport
• $332 Million for a rail system linking Amman and Zarqa
• $46 Million for a wastewater treatment plant
PALESTINIAN TERRITORIES Palestinian Authority (PA) Government is determined to improve the investment climate in the West Bank and Gaza and to attract foreign investment. The PA has undertaken a number of significant reforms and prepared a three year reform and development plan that was endorsed by the international community in December 2007. The PA’s development plan emphasizes the importance of private sector investment and growth as a vital source of new jobs and a sustainable economy. Opportunities abound following the $7.7 Billion international donors’ pledge for a comprehensive three-year development and rehabilitation plan. Projects planned in the territories include:
• $350 Million to construct a Palestinian community between Ramallah and Nablus
• $250 Million for residential/office towers, malls and a hotel in the West Bank
• $150 Million for a construction project in an Arab neighborhood in Jerusalem.
• Plan to build a Japanese-funded agro-industrial park in the West Bank. The park, which would export fruit and vegetables via Jordan to the Gulf, would provide jobs for up to 6,000 Palestinians. |
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SYRIA: The construction sector in Syria is witnessing an unprecedented boom. Themain drivers behind this buoyancy remain the large population, the number of business executives flowing in and demanding high-end real estate, the focus on tourism and the upgrading of the related infrastructure. Syria’s real estate and tourism projects include:
• $4 Billion for Emaar projects, Damascus Hills and the Eighth Gate • $15 Billion Syria Bonyan City
• $120 Million Yaafour Gardens
• $120 Million for the Damascus World Trade Center in Damascus
• $350 Million for Ibn Hani Bay resort in Lattikia
• $100 Million for Hijaz Station estate
• $887.5 Million for new apartments for Syria’s growing population • $800mn investments by Saudis tourism. The Four Seasons Hotel which is 67% owned by Saudi prince Al Waleed bin Talal is the most important of these investments.
• Pearl of Damascus tourist resort which would cost $60mn.
• Syrian-Jordanian $50 million Shahba Mall • $70 million five-star hotel with 250 rooms accompanied by 90 furnished apartments in the Mazzeh district of Damascus.
• Projects valued at $15bn in the region of Jabal al-Sheikh near Hermoun Mount between Syria and Lebanon. • $300 million Cordoba Hills residential project in Aleppo |
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Showcased at the event
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Construction Equipment |
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Building Materials |
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Products and Services |
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Power Generation |
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Electrical Engineering |
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Lighting and HVAC |
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Water |
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Airport Equipment |
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Contracting |
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Pollution Management |
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Equipment and Tools |
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Environmental Technology |
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Infrastructure Products
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Agriculture |
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