Building work starts on Amman's new stock exchange

11 March 2010

The $100m development will house the country’s new stock exchange

Athens-based Consolidated Contractors Company (CCC) has started work on the structural package for the $100m Jordan National Financial Centre, which will be home to Amman’s new stock exchange once completed. 

The four-building project includes building four basements, which comprise almost 45,000 square-metres, as well as the above-ground structural work.The total built-up area will be 96,000 sq m.

CCC completed site preparation and excavation of the basements in December 2009.

The design consultant is a joint venture of Australia’s Woods Bagot and the local Engicon. The two firms completed design work in early March.

The Jordan Securities Commission is the client.

The development will be built in the Arjan district of Amman, near the existing Amman Stock Exchange (ASE). The development will serve as the headquarters for the new ASE and several public and private financial institutions.

The project will also contain a regional training facility, which will be set up by the Jordan Securities Commission.

Once complete, the Jordanian government is hoping the centre will develop into a regional financial centre, aimed at securing further foreign investment into the country.

Jordan’s stock market offers no restrictions for foreign ownership or investment and, given its location, financial sources suggest the Jordan National Financial Centre could become the financial hub of the Levant region.  

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