Construction work on a $1 billion new downtown area for the Jordanian capital Amman should begin early next year, a senior executive of Jordan's largest property investment firm, state-owned Mawared, said.

Twenty-three investors were expected to start work on almost half the 1 million sq m space allocated for the project, which aims to transform a prime area of the capital’s centre into a high-tech commercial and residential hub, said Mawared director-general Abu Hamdan.
Infrastructure work on the site will be finished next March by Abdali Investment and Development, a 50-50 joint venture between Mawared and Saudi-based Oger group, which is owned by the family of late Lebanese Prime Minister Rafik Al Hariri.
Land purchase deals were expected to be concluded soon for most of the 480,000 sq m of office space in the Abdali estate.