Amman, September 2009 – Munya Specialized Resorts – one of the tourism development subsidiaries under Jordan Dubai Properties (JD Properties) – announced the signing of a construction agreement with the Ammoun Jordan Construction Company, a Grade A construction company that was awarded the tender issued by Munya Specialized Resorts last June. Ammoun will begin implementing phase one of the Munya Tourism Project that is the first eco-friendly tourism investment project of its kind in Dibbeen and one of the largest investment projects in the north of the Kingdom.

The project represents a comprehensive and fully integrated woodland resort that will include a number of hotel rooms, chalets and service facilities that are designed to blend in with the surrounding environment and are built according to environmental standards. The first phase of the project that will be implemented in cooperation with Ammoun will include the construction of the first resort villa and 30 of the hotel rooms that will offer its guests world-class services.

Commenting on this important step, Mr. Nasser Khalidi, CEO of JD Properties, said: "It gives us great pleasure to begin implementing the first phase of the Munya project with Ammoun who has been chosen to implement this phase not only because of their vast knowledge and experience in the construction field, but also because of the plan that they have adopted for the project, which coincides with the project's focus which takes into consideration all environmental aspects. Such a plan complements our efforts to present a unique tourism experience and promote Jordan, specifically the north of Jordan, as a tourism destination on an international level in line with the directions of His Majesty King Abdullah II to support and market the investment opportunities that lie in the north of Jordan. Our efforts in this field confirm our commitment to adhering to the highest international environmental standards in order to preserve the natural habitat and vegetation of this pristine area."

Mr. Nidal Khawaja, Munya's General Manager, also said: "Our selection of Ammoun to implement the first phase of the project confirms our commitment to building the resort according to international best practice within the set time frame and in line with our ambitions to promote Dibbeen as one of the most beautiful natural sites in the Kingdom, showcasing the area's authentic local culture and positively influencing the surrounding local communities."

In turn, Mr. Elias Bdoor, Ammoun's General Manager, said: "We are proud to be partnering with Munya, which will be leading the launch of one of the biggest projects in the north that will have a positive impact on the area both socially and economically. We look forward to commencing work on the project's amenities and hope that this step is the beginning of future cooperation with Munya to achieve our mutual vision of developing the local economy."

The project will be located in the heart of Dibbeen's forests in the north of Jordan on 250,000sqm of land through a strategic partnership with the Social Security Investment Unit (SSIU), and aims at adding to the wide variety of tourism experiences in Jordan and showcasing Dibbeen as a touristic destination and national treasure. One of the highlighting features of the Munya Tourism Project is Amanresorts' exclusive involvement in managing and operating the resort. Amanresorts is a leading and internationally-renowned 7-star hotel and resort operator, famous for building projects characterized by beautiful natural locations, outstanding facilities, exceptional service and an exclusive and private atmosphere.