Amman, Oct. 19 (Petra) -- Chairman of the Board of Directors of the Jordan Free and Development Zones Group (JFDZ), Sakhr Al-Ajlouni, affirmed the group's ongoing commitment to overseeing the "Porto Dead Sea" project and addressing past developmental hurdles to ensure the completion of all execution phases through 2033, boosting the investment climate in the Dead Sea Development Zone.

In a press statement released Monday, Al-Ajlouni explained that the group has organized contractual arrangements with the investing company and set precise timelines for completing development works. He noted that the amended agreement annex, signed in December 2024, established the timeframes for developing both the beachfront and mountainous land parcels while organizing procedures for transferring title deeds in accordance with established legal and contractual frameworks.

Al-Ajlouni stated that the first phase of the project, spanning 9 dunums, has been fully completed. It comprises 151 hotel apartments, Building (A) which features a reception area, banquet hall, administration offices, a tourist restaurant, and commercial shops along with 11 additional hotel apartments, two swimming pools, and an equipped beach.

He added that the second phase, covering 5 dunums, is scheduled for completion by the end of 2027 and includes 117 hotel apartments, 12 cabanas, and two hotel buildings (B and C) housing approximately 69 guest rooms, alongside a restaurant and cafe.

Al-Ajlouni pointed out that the third phase, built on 6 dunums, is set to be finalized by the end of 2028, featuring 147 hotel apartments, 12 cabanas, and two hotel buildings (D and E) with about 58 guest rooms, as well as 20 commercial shops.

Al-Ajlouni stressed that the group continues to monitor the investor's commitments and coordinate with relevant authorities to finalize required procedures, including property transfers for buyers, in alignment with relevant legislation and agreements while safeguarding all parties' rights.

He noted that completing the project according to approved schedules will diversify tourism offerings in the Dead Sea Development Zone, enhance its appeal for tourism and real estate investments, stimulate hospitality and service sectors, create direct and indirect job opportunities, and bolster regional economic and tourism development.

On his part, Chairman of Porto Dead Sea and CEO of Arab Developers Holding Group, Ayman bin Mukhtar Khalifa, confirmed that project development is progressing according to established timelines, reinforcing the Dead Sea Development Zone's status as a premier tourism and investment destination offering diverse lodging, leisure, and recreational facilities.

Khalifa explained that early buyers of units completed in the initial phase will receive their registration deeds within weeks to finalize title registration according to established procedures.

He noted that the project is distributed across two main plots: the first is a beachfront plot of approximately 19.5 dunums, featuring five towers with hotel apartments, tourism, commercial, and service facilities. The second is a mountainous plot spanning some 786 dunums, featuring master plans for villas, serviced apartments, a 200-room four-star hotel, recreational and commercial facilities, and green spaces.

Khalifa indicated that development on the beachfront plot is executed across three phases, with overall completion reaching approximately 45 percent and full finalization expected by the end of 2028, in line with the amended agreement annex signed in December 2024. Development of the mountainous plot is scheduled to begin at the end of 2028 and run through the end of 2033.

He added that master plans for the mountainous plot include luxury tourist villas of varying sizes with private pools, residential apartments, a hotel, restaurants, cafes, a health and fitness club, a water park, shared sports fields, and landscaped areas. This integrated layout aims to provide a comprehensive resort and family entertainment experience, enriching the Dead Sea's tourism product and increasing its appeal to visitors and investors.

//Petra// AF