WHAT WE DO:

Our unique approach to investment and development opportunities, allows us to provide maximum value at minimal risk with a thorough knowledge of regulatory laws on property investment.

AVID is a strategic partner and an active contributor to the ongoing development of the dynamic private sector, offering a variety of land assets across prime locations leased at competitive prices. Offering easy access to regulatory framework issued by GAM and the Jordan Investment Commission, the company is uniquely positioned to guide investors in their decisions.

By investing in key growth sectors, AVID aims to be the number one choice of land investments in Amman, creating a customized offering for investors through several methods such as:

  • Investment Contracts: Investors can utilize contracts based on revenue and profit share.
  • Long-Term Lease Contracts: By offering land leases for up to 30 years, investors can structure and manage their ROI and portfolio of assets.
  • PPP Contracts: Opportunities to invest in Public-Private Partnership Contracts for selected projects that are already designed and have a financial model setup for 20 to 30 years on a revenue or profit-sharing basis. These contracts are also available on a Build-Operate-Transfer (BoT) or a Build-Own-Operate-Transfer (BOOT) model to investors looking for a trade-off between risk and return.
  • Infrastructure Projects: Investment contracts for infrastructure projects such as toll roads and tunnels, crafted to protect investors and balance risk.

THE TEAM

Mayor of Amman - Chairman of Amman Vision Investment & Development

H.E Dr. Yousef Al Shawarbeh

Prior to assuming his Mayoral post in August 2017 Mayor Al Shawarbeh was the Chairman of Amman Municipal Committee (March 2017 – August 2017), Chairman of Addustour newspaper Board of Directors (2016) and Minister of Political Development and Parliamentary Affairs (2016).
Over 15 years, Mayor Al Shawarbeh held various positions on local Government and Municipal work, legal and Legislative field: (2013 –2016) he was the Deputy Mayor of Amman, Vice Chairman of Investment committee at the Greater Amman Municipality, A member of the Local Organizing Committee of the FIFA U-17 Women's World Cup 2016, Chairman of Tenders committee at the Greater Amman Municipality , Vice Chairman of the Central Market Board of Directors at the Greater Amman Municipality, Deputy Chief of Directors, Al-Tawfiq for Transport & Investment Co. Ltd , Vice Chairman of Comprehensive Multiple Transport company Board of Directors, and Deputy Chief of Directors, Asia Transportation Company, Vice Chairman of Integrated Cards Company (-E kartak) Board of Directors. In (2014) Member of Decentralization Law Formulation committee, Member of Human Rights National plan Formulation committee and a Member of Amman Sister Cities High committee
Mayor Al Shawarbeh holds a PHD degree in constitutional law from Al-Neelain University in Sudan. He also holds a Bachelor degree in Law - Al-Ahliyya Amman University- Faculty of Law in Jordan.

Chief Executive Officer

Hamza Haj Hasan

Mr. Haj Hasan has more than 14 years’ experience in the investment and development sector with specialized knowledge in PPP Contracts, development strategy, investor relations and management of mega projects managed by the government of Jordan.
Over the course of his career, he has held several high-ranking positions in the Government and Government-owned development agencies where he garnered recognition for his work in developing investment schemes and robust models across various sectors for investors. As CEO of the Jordan Free and Development Zones Group for four years, Mr. Haj Hasan was a force to reckon with as he helmed the largest government owned agency in Jordan by introducing attractive investment models for the private sector.
Prior to this, Mr. Hasan held several prominent positions at the Prime Ministry of Jordan for six years, shuffling his time in various roles such as Director of Delivery Unit and Director of Mega Projects and Government Plans, as well as Director of the M&E Unit serving in the Prime Minister’s Office.
He assisted in developing the 2015-2025 Jordan Vision and managed investor relations and inter-government coordination for Mega Projects in addition to managing more than 48 mega projects in the energy, renewable energy and transportation sectors in association with the respective line ministries.
As Assistant CEO and Business Planning & Corporate Strategy Manager in Aqaba Development Corporation for four years, Mr. Haj Hasan has gained significant experience in strategic planning and management and to his credit, he has also worked as a Tourism Assets Development Advisor at the USAID Best Tourism Development Project, thereby enhancing his professional profile to span across multiple disciplines and industries.
Mr. Haj Hasan holds a B.Sc. in Industrial Engineering from the University of Jordan.

Chief Investment Officer

Ala’a-Eddin Beano

Beano has 20 years’ experience in the investment sector with a focus on assessment and review of development and strategic transportation projects. He has held several senior positions in government-owned companies, where he was involved in operation and financial management as a trusted advisor.
At the Jordan Airports Company (JAC), Beano held several positions the latest being an Advisor to the General Manager during which time he reviewed feasibility studies as well as financial and operational conditions for various projects. Two significant projects that he worked on included the new proposed airport at Jordan Valley and the Reconstruction and Development for the investment of Amman Civil Airport. During his tenure at JAC, Beano was also involved in the proposed Railway to transport Potash from the Dead Sea to Aqaba and the study of operating the Hijazi Railway to transport passengers from Amman to Queen Alia International Airport.
Beano was also Director for Investments and Development in the National Company for Development and Housing and served in the Aqaba Development Corporation (ADC) and Social Security Corporation / Investment Unit where he developed several real estate project opportunities for the private sector and assessed development proposals from investors.
Beano holds a BA in Business Administration and an MBA from the University of Jordan, along with a Diploma in Advanced Airport Operations from the International Air Transport Association (IATA).

Chief Development Officer

Mustafa Abu Ghoush

Abu Ghoush has more than 14 years’ experience in urban design and project management. He has been extensively involved in designing, leading and supervising projects related to the city, heritage conservation, urban regeneration, adaptive reuse and public transportation.
As a Senior Urban Designer at Dar Al-Handasah Consultants (Shair and Partners) he has developed and managed several strategic projects in Jordan such as the concept master plan for King Hussein Medical City (KHMC) and King Hussein Business Park Development Project. Abu Ghoush was also responsible for managing strategic development projects in KSA such as Ru'a Makkah, Wadi As-Sulai and Madinah Master Plan in addition to several development projects in Oman and Angola.
Abu Ghoush also worked in Turath Architecture & Urban Design Consultants where he was involved in urban planning and urban design projects and heritage conservation studies.
He holds a B.Sc. in Architectural Engineering from the Jordan University of Science and Technology and a Master’s Degree in Architectural Engineering from the University of Jordan.

WHY JORDAN:

Jordan is classified as a country of high human development with an upper middle-income economy that enjoys strong economic and strategic partnerships in the MENA region. As an emerging destination for renewable energy and clean technology, the country stands at the forefront of socio-economic growth and sustainable developments.

According to a report issued by the Economic Policy Council, Jordan’s Economic Growth Plan 2018-2022, will put Jordan on a sustainable growth trajectory and will double the economic growth of Jordan over the coming five years, at the minimum.

Boasting of an investor friendly environment, modern infrastructure, robust economic growth, political stability and security, the Jordanian economy is attractive to foreign investors because of its skilled workforce and employment opportunities. As a major tourist destination in the Middle East, it attracts medical tourism due to its world-class health sector.

According to the World Bank, Jordan has made important reforms to put its economy on the path to long term prosperity, covering income tax, business regulations, insolvency and the public procurement framework.

Despite regional turmoil, Jordan continues to be an attractive destination for foreign investors who view the country as an oasis of peace in a volatile region, which continues to maintain stability, moderation, and security for an exceptional quality of life.

Jordan has an advanced education system and an efficient labor force with lucrative investment incentives and tax exemptions, offering an extensive market access to investors through several global free trade and bilateral agreements.

Based on Jordan’s Vision 2025, the economic growth plan is set to increase gradually from 6.5% in 2021 to 7.5% in 2025. This aims to jumpstart Jordan’s economic growth to align it with the target for 2021 and beyond and further supported by the government of Jordan which has actively reduced red-tape and bureaucracy, upgraded its economic legislation framework and streamlined its economic judicial transactions.

INVESTMENT INCENTIVES:

Jordan maintains an extensive system of incentives aimed at promoting various types of investment. Positioned as a gateway to the wider region, the county enables investors and entrepreneurs’ access to markets of more than 1 billion consumers.

A report by the World Bank issued in April 2019 revealed that Jordan’s real GDP registered a growth of 2% in 2018, projecting the growth to gradually increase to 2.2% in 2019 and 2.6% over the medium term. Furthermore, Jordan’s top contributing sectors to GDP are services, finance and tourism.

The Jordanian Investment Law and the Investment Incentives Regulation provides several incentives for economic activities including:

  • Customs duty exemptions and tax reimbursement on production inputs for manufacturing and vocational activities
  • Customs duty exemptions and reduction to (0%) of the General Sales Tax on production requirements and fixed assets for manufacturing and vocational activities
  • Tax Reimbursement on services necessary for manufacturing and vocational activities

Additionally, goods required for several economic activities are exempted from custom duties and general sales taxes if such goods are imported or locally purchased, such as; hotels and tourist facilities, entertainment and tourist recreation, conference and exhibition centers, hospitals and specialized medical centers and many more sectors.

With the amended Investment Law No. (30) for 2014, a wide range of exemptions and deductions on income tax, sales tax, and customs fees for investments inside or outside the development zones and free zones ensures economic stability and positions Jordan as an attractive destination for foreign investors.

For more information about the investment law and exemptions, visit the Jordan Investment Commission www.jic.gov.jo

INVESTMENT OPPORTUNITIES

AVID will help you find a suitable land asset that caters to your budget, giving you the unique opportunity to be part of upcoming projects that will play an important part in changing the landscape and skyline of Amman.

Our business and investments opportunities are built on a robust corporate governance framework for long-term goals in a secure market based on the highest standards of professionalism and the following core concepts:

Car City – Al Madouna

A mini “Car City” that accommodates used and brand new car dealers in Amman.

Project area: 900,000 sqm 21.6 km away from the city center.

The Car City will be fully integrated with supporting facilities and will directly connect the customers to a variety of car showrooms and related facilities. The main objective is to establish a unique trade hub with flexibility and modularity in space by providing a one-stop-shop to finish all sale/purchase, ownership transfer and license transactions in the same location.

The location:
The project is located in Al Madouna - southwest of Amman, at a prime location in close proximity to the intersection between Amman Development Corridor (ADC) and Al Madouna road. The two roads are vital in connecting the different districts of the city; the ADC directly feeds into the Airport Road, and Al Madouna road passes along the edges of the residential districts in southwest of Amman.

Thank you for expressing your interest in this project.

We will be in contact with you as soon as possible.

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