Recreational Touristic Project Ghamadan- An Outstanding Opportunity in a Growing Market
Recreational Touristic Project Ghamadan– An Outstanding Opportunity in a Growing Market
Investing in recreational touristic projects has long been a cornerstone in global investment ventures for savvier investors. Recreational touristic projects, such as amusement parks, theme parks, waterparks, and others offer investors a continuous stream of colossal income, while simultaneously providing them with exemptions and tax reliefs that come with opening gigantic projects in countries looking to boost tourism and jobs.
Recreational touristic projects offer much more than just a steady stream of profit, however, with their socioeconomic impact much larger than many alternative investments. The sheer number of jobs created, business sourced, and utilities created make recreational touristic projects a cornerstone of development in any country.
Currently, Jordan is situated in a pole position to begin boosting its recreational sector. A vibrant country that provides high political and economic stability within one of the world’s most turbulent regions, Jordan has become a haven for investment and tourism.
Jordan’s tourism sector has seen a steady increase, with 2019 seeing a 9% enhancement on 2018’s tourist numbers, reaching a total of 5.36 million tourists throughout the year; making any investment in touristic attractions a venture that can yield superb profits.
Since the total number of coronavirus cases in Jordan is significantly lower than its neighboring countries adding to the fact that the Jordanian Dinar is pegged to the USD, makes the economy stable while its trade deficit remains respectable for a country short on natural resources.
Investors who choose Jordan as a destination for their investments will find that the country provides them a hassle-free route to conduct business. Jordan has been revamping its efforts in bringing in foreign investment, for example, the Jordan Investment Committee is now digitalizing all of its 74 services; making the process of setting up investment much simpler.
Recreational touristic projects also provide a steady stream of income, as The Park Database study shows, the average ROI of recreational touristic projects ranges from 2% to a whopping 24%, with the average ROI set at 9.6% throughout, making it a venture that provides a relatively higher income than most. While older recreational touristic projects provide a lower percentage of ROI, the monetary value is quite substantial, meaning that even if costs do increase over time with growth, income grows as well.
Recreational Touristic Project Ghamadan fits the criteria set above, a recreational touristic project set in an active country with a stable political and economic landscape with a booming tourism sector, this project offers investors the chance to cash in on a venture set to succeed as the first of its kind in a location in need of such projects.
Recreational Touristic Project Ghamadan A Groundbreaking Venture
Recreational Touristic Project Ghamadan is set to be constructed on a massive 187,000 m2 land on the Airport Road, situated to Dunes Club, one of the best recreational clubs in Jordan.
This easy-to-reach location, only 17.7 km from Amman’s bustling city center, will be ideal to host the project’s facilities, which consists of an amusement park full to the brim with recreational attractions, family activities, festive urban spaces, a hotel, food courts, and more.
The expected contribution of job creation magnitude for this project is 2000 jobs for the local populace, giving it a special allure with the government, while the investment value is set between 140-160 million JOD.
The project’s monumental land size of 187,000 m2 means it is set to be massively larger than most amusement parks in the region, with the most revered parks such Ferrari World in Abu Dhabi, Legoland in Dubai, and Aqua Park Qatar all significantly smaller, with sizes of 86,000 m2, 15,540 m2, and 50,000 m2 respectively.
The size of Recreational Touristic Project Ghamadan will make it comparable to some of the largest, and most successful, amusement parks in neighboring regions, with Kuwait Amusement Park, Amusement Park Istanbul, and Gardaland Theme Park in Italy all having sizes of 250,000 m2, 130,000 m2, and 190,000 m2 respectively.
Unique Opportunity with Great Returns
Recreational Touristic Project Ghamadan offers a unique opportunity to tap into a fertile market with a project it dearly needs but does not have. With no real competition in the country, a population starved for more in-house recreation, and a steady stream of tourists coming in yearly, Recreational Touristic Project Ghamadan offers investors an opportunity to pioneer a venture that will not only provide them with high profits but change the landscape of Jordanian recreation as well.