%45 completion rate in Porto Dead Sea and project completion by the end of 2033

He indicated that the first phase of the project, built on an area of 9 dunums, has been fully completed and includes 151 hotel apartments, in addition to Building (A), which comprises a reception area, a celebration hall, management offices, a tourist restaurant, and commercial shops, alongside 11 additional hotel apartments, two swimming pools, and an equipped beach.

He added that the second phase, extending over an area of 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) comprising about 69 hotel rooms, in addition to a restaurant and a cafe.

He pointed out that the third phase, built on an area of 6 dunums, is scheduled to be completed by the end of 2028, and includes 147 hotel apartments, 12 cabanas, and two hotel buildings (D and E) comprising about 58 hotel rooms, alongside 20 commercial shops.

Al-Ajlouni affirmed that the Group continues to monitor the commitments of the investing company and coordinate with the relevant authorities to complete the required procedures, including procedures related to transferring ownership to buyers, in accordance with relevant legislation and agreements, and in a manner that takes into account the rights of the concerned parties.

He said that completing the project according to the approved time phases will contribute to diversifying the tourism product in the Dead Sea Development Zone, enhancing its attractiveness for tourism and real estate investments, revitalizing sectors related to tourism, hospitality, and services, as well as providing direct and indirect job opportunities, and supporting economic and tourism development in the region.

For his part, the Chairman of the Board of Directors of "Porto Dead Sea" and CEO of Amer Group Holding, Dr. Ayman bin Mukhtar Khalifa, affirmed the continuation of the project's development works according to specified time plans, which enhances the position of the Dead Sea Development Zone as a tourist and investment destination, and provides diverse facilities for residence, recreation, and relaxation.

Khalifa explained that previous buyers of the units completed within the executed phase of the project will receive their registration deeds within weeks to complete the ownership registration procedures in accordance with approved principles.

He indicated that the project is distributed over two main plots; the first is a beachfront plot with an area of about 19.5 dunums, which includes the construction of 5 towers comprising hotel apartments and tourist, commercial, and service facilities, and the second is a mountainous plot with an area of about 786 dunums, which includes development plans to establish villas, hotel apartments, and a four-star hotel comprising 200 rooms, alongside recreational and commercial facilities and green spaces.

He pointed out that development works on the beachfront plot are being executed in 3 phases, and the overall completion rate for the project elements therein has reached about 45%, with expectations for its completion by the end of 2028, in accordance with the amended agreement annex signed in December 2024, while development works on the mountainous plot begin at the end of 2028 and continue until the end of 2033.

He added that the development plans for the mountainous plot include luxury tourist villas of various sizes with private swimming pools, residential apartments, a hotel, restaurants and cafes, a health and sports club, an aqua park, shared playgrounds and swimming pools, and green spaces, providing an integrated experience for residence, relaxation, and family entertainment, and enhancing the diversity of the tourism product in the Dead Sea and its attractiveness to visitors and investors.