In the presence of the Minister of Tourism and Public Antiquities MajdShweikeh, The Lebanese Ambassadorto Jordan Tracy Chamoun, several businessmen and business owners who are working in the project, Al Eqbal Real Estate Development signed two agreements for the construction and finishing works of the Ritz-Carlton project in Amman valued at more than one hundred and fifty million dollars. 

The first agreement is the "main contractor" for the hotel which was awarded to Matta Contracting. The agreement was signed by Mr.Tawfiq Shaker Fakhouri, Executive Chairman of Al Eqbal Real Estate Development and the Chairman of Matta contracting company Mr. Jacques Matta. The hotel's electromechanical works will be awarded to a local contractor under the supervision of Matta at the end of February next month. 

Matta will supervise the electromechanical and finishing works for the hotel over a period of  22 months, starting in February. Matta  has a long history and expertise in towers, hospitals, hotels, schools, universities, tourist complexes, roads and infrastructures in Lebanon and in the Gulf  such as the French diplomatic complex-Doha, the expansion project of the American University Hospital In Beirut, the Al-Summerland hotel complex, Beirut, the Vichy hotels complex– Doha, the Dubai Gate and V3 in the emirate and other projects.  

The second agreement is for the execution of electro-mechanical and finishing works for the residential tower which was awarded to MID Contracting Company. The agreement was signed by Mr.Tawfiq Shaker Fakhouri, Executive Chairman of Al Eqbal Real Estate Development and Chairman of the Board of Directors of  MID Contracting Company, Eng. Ala’ Al Masri. 

MID Contracting was selected out of nine local and international contractors invited to bid last November. Electro-mechanical and finishing works will commence in February for a period of 20 month. It is worth noting that MID is one of the largest contracting companies in Jordan, and some of the most important projects worked on was the Royal Hotel in Amman, Intercontinental Hotel inAqaba, Royal Hotel in Dbayeh in Lebanon and the expansion of Le Meridian Hotel in Amman and the Boulevard Abdali as well as Queen Rania Hospital For children and the Children's Hospital in Basra, in addition to the establishment of theNational Centre for Security and crisis management.