Mawared

What Mawared does

Mawared (مؤسسة استثمار الموارد الوطنية و تنميتها — National Resources Investment and Development Corporation) is a government-owned independent corporation established as the investment arm of the Government of Jordan for urban development. Founded in 2000 and headquartered in Al-Abdali, Amman, Mawared develops former Jordanian Armed Forces camp sites transferred into its ownership, making it the largest real estate developer in the Kingdom of Jordan. Its core business revolves around two flagship projects: the King Abdullah II City project (a 25,000-dunam, six-phase smart city in Zarqa designed to accommodate approximately 500,000 residents) and the Abdali project (a 384-dunam mixed-use central business district in central Amman).

Mawared monetizes its land bank through three primary revenue streams: one-time land sales (residential, commercial, and industrial parcels), long-term land leases of up to 30 years (offering recurring rental income), and investment partnership / joint-venture agreements with private-sector developers. Pricing includes promotional discounts ranging from 10% to 20% depending on payment structure (four-year installments, two-year installments, or cash). Customers span individual homebuyers, local and foreign institutional developers, telecommunications operators (Orange, Zain, Umniah), educational institutions (Al-Madaris Schools), and government agencies. Distribution is conducted through direct enterprise sales, formal tenders and auctions, dedicated sales offices in Amman and Zarqa, an online investment request portal, and a GIS-based land viewer.

The organization operates with 51–100 employees and is governed by a board of directors chaired by Dr. Hamad Al-Kasasa, with Eng. Bassem Talfeh serving as Director General. Mawared is positioning for next-phase expansion via a planned smart-city Phase 3 of King Abdullah II City, aligning its strategic direction with Jordan's Economic Modernization Vision, and pursuing flagship co-development partnerships exceeding 151 million JD in committed project value. No proprietary technology stack or AI/ML capabilities are disclosed.

Name

Mawared

Legal name

مؤسسة استثمار الموارد الوطنية و تنميتها

Website

https://mawared.jo

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Mawared is Jordan's largest government-owned real estate developer, converting former military camp sites into master-planned urban communities (notably King Abdullah II City and the Abdali project). It generates revenue through land sales, 30-year leases, and public-private development partnerships serving individual buyers, institutional developers, and government entities.

Ownership category

akta.pro rank

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Land Sales: Mawared sells residential, commercial, and industrial land parcels to investors and end-users, generating one-time transaction revenue. Sales include discounts for cash payments (20%), two-year installments (15%), and four-year installments (10%).
2. Long-term Land Leasing: Mawared enters into long-term lease agreements for land parcels of up to 30 years, providing recurring rental income and enabling investors to structure investment portfolios.
3. Investment Partnership Agreements: Mawared enters co-development agreements with private sector partners for joint investment projects, sharing development risks and returns under various partnership structures.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Mawared is a government-owned urban real estate developer that acquires, plans, and sells or leases land parcels in master-planned communities converted from former Jordanian Armed Forces camp sites. Its primary offerings include residential, commercial, and industrial land plots sold at unit prices (with cash and installment discounts) and long-term land leases of up to 30 years. The corporation also enters public-private partnership co-development agreements for flagship projects such as malls, hospitals, parks, and mixed-use facilities within its flagship King Abdullah II City and Abdali developments.

Product overview

Mawared (National Resources Investment and Development Corporation) is a government-owned independent institution serving as the government's investment arm for urban development in Jordan. The company operates two major flagship projects: (1) King Abdullah II City Project — a 25,000-dunam smart city development in Zarqa transforming former military camps into residential neighborhoods for 500,000 residents, developed in 6 phases; and (2) the Abdali Project — a 384-dunam mixed-use commercial business district in central Amman. The institution offers land sales, long-term leasing (up to 30 years), and electronic government services including land use information, available land listings, and an electronic services center. Major sub-projects include Bab Al-Madinah Mall (115,000 sqm), a 200-bed specialized hospital, public parks, an equestrian club, and various public-private partnership developments.

Differentiator

Problem solved

Functional benefit

Products and services

• King Abdullah II City Project (مدينة الملك عبد الله بن عبد العزيز) A major urban development project spanning 25,000 dunams in Zarqa, transforming former military camp sites into a modern residential city expected to accommodate 500,000 residents (~75,000 families) across 6 phases. The project offers residential, commercial, and industrial land parcels for sale and long-term lease to investors, developers, and homebuyers.
• Abdali Project (مشروع العبدلي) A mixed-use commercial development in central Amman spanning 384 dunams (251 dunams in executed Phase 1), designed as a central business district with advanced infrastructure and sustainable smart city technologies. Developed in partnership with the Abdali Investment and Development Company, targeting foreign and Arab investors.
• Residential and Commercial Land Sales (بيع الأراضي السكنية والتجارية) Sale of residential, commercial, and industrial land parcels within Mawared's master-planned developments, including the King Abdullah II City and Abdali project areas. Pricing tiers include a 20% cash discount, 15% discount for two-year installment plans, and 10% discount for four-year installment plans. Unit pricing examples include 300 JD per square meter for commercial light industries zoning in the Marka area.
• Long-Term Land Leasing (تأجير الأراضي طويل الأمد) Long-term lease agreements for land parcels of up to 30 years within Mawared's development areas, including telecommunications tower leases with Orange Jordan, Umniah, and Zain Jordan. Provides recurring rental income and enables investors to structure investment portfolios.
• Investment Partnership Agreements (اتفاقيات الشراكة الاستثمارية) Public-private partnership co-development agreements with private sector investors and developers for flagship joint projects, sharing development risks and returns under various partnership structures. Examples include the Bab Al-Madinah Mall (115,000 sqm, 70M JD) and 200-bed specialized hospital (80M JD) developed with Al-Ard International in King Abdullah II City.
• Land Use Information Service (استعمالات قطع الأراضي) Electronic service providing information on permitted land uses and zoning designations for various parcels across Mawared's development areas. Available to investors and stakeholders through the Mawared website as part of the corporation's electronic services.

Quantifiable outcome

• Record land sales of approximately 43 million JD in fiscal year June 2023 to June 2024 — highest in over 15 years
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor, flagship and core.

• National Center for Agricultural Research (NCAR)minorStrategic or Co-development Partner · 2 February 2020Mawared and the National Center for Agricultural Research signed an MOU to achieve fruitful cooperation in agricultural sector services, increase green space in King Abdullah II City through productive agricultural projects, and develop local and urban gardens in the city. Signed by Director General Eng. Bassem Talafha and NCAR Director General Dr. Nizar Haddad.
• Orange JordanminorStrategic or Co-development Partner · 1 January 2018Mawared signed land lease agreements with Orange Jordan for the installation of telecommunications towers and equipment necessary for operating the company's mobile networks in King Abdullah II City, ensuring subscribers have access to Orange's telecommunications services.
• UmniahminorStrategic or Co-development Partner · 1 January 2018Mawared signed land lease agreements with Umniah for the installation of telecommunications infrastructure in King Abdullah II City, providing mobile network coverage to residents.
• Zain JordanminorStrategic or Co-development Partner · 1 January 2018Mawared signed land lease agreements with Zain Jordan for telecommunications tower and equipment deployment in King Abdullah II City.
• Al-Ard International for Real Estate Investment and DevelopmentflagshipStrategic or Co-development Partner · 1 January 2018Mawared signed a memorandum of understanding with Al-Ard International for joint development of multiple flagship projects in King Abdullah II City Phase 1, including Bab Al-Madinah Mall (115,000 m², 70M JD), a private hospital (200 beds, 80M JD), a mosque and Islamic center (1,300 m², 700K JD), a public park (16 dunums, 400K JD), and a plaza (5 dunums, 300K JD). Total project value exceeds 151 million JD.
• Salem Flaih Al-ShawabkaminorStrategic or Co-development Partner · 1 January 2018Mawared signed a lease agreement with Salem Flaih Al-Shawabka and partner for the development of a public garden on Parcel 500, Basin 1, Al-Barka, in King Abdullah II City Phase 1, covering an area of 2,983 m².
• Khalil Mahawesh Equestrian FoundationminorStrategic or Co-development Partner · 1 January 2018Mawared signed an MOU with Khalil Mahawesh Equestrian Foundation to establish an equestrian club and horse riding instruction facility on a 10-dunum parcel. Initial investment cost is estimated at 500,000 JD.
• Sabil Al-Ibdaa for Consulting and Information TechnologycoreTechnology or Integration · 1 January 2018Mawared signed an MOU with Sabil Al-Ibdaa to establish an electronic services center in King Abdullah II City Phase 1, occupying two parcels of 4,887 m². Initial investment for Phase 1 is estimated at 2.5 million JD. The center aims to provide both public and private sector services to improve service delivery and customer satisfaction.

Scale indicators7 records

Recent moves10 records

Expansion highlights5 records

Regional players

• Tatweer Misr: Egyptian master developer of large-scale mixed-use communities such as Madinaty and IL Monte Galala. Comparable to Mawared in developing former government/military lands into flagship residential cities with phased rollout and institutional co-development partners.
• SODIC: Egyptian premium real estate developer of mixed-use master-planned communities along the North Coast and Greater Cairo. Comparable in mixed-use master planning, phased project launches, and institutional co-investment partnerships.
• Palm Hills Developments: Leading Egyptian real estate developer of integrated residential, commercial, and resort communities. Comparable to Mawared's master-planned community approach, partnership-driven execution, and reliance on land sales plus recurring community service fees.
• City Edge Developments: Egyptian joint-venture developer backed by the New Urban Communities Authority and major banks, executing government-aligned master-planned cities. Comparable to Mawared's close alignment with government urban development priorities and large mixed-use community mandates.
• Madinet Nasr Housing and Development: Egyptian developer with government-influenced heritage, focused on large-scale residential and mixed-use master-planned communities. Comparable to Mawared's government ownership history, large land bank, and urban development mandate.
• Rakeen: Sharjah-based real estate developer focused on mixed-use master-planned communities and commercial developments in the UAE. Comparable to Mawared's mix of residential, commercial, and mixed-use product within flagship master plans targeting regional investors.

Direct peers

• Aldar Properties: Abu Dhabi government-backed master developer of large-scale mixed-use communities and asset manager of strategic real estate. Highly comparable to Mawared's government-owned mandate, single-window land bank model, and master-planned community strategy in the Gulf region.
• DAMAC Properties: Major Dubai-headquartered developer of luxury residential, commercial, and mixed-use real estate. Comparable to Mawared's focus on master-planned residential and commercial communities targeting institutional and high-net-worth investors across the Middle East.
• Dar Al Arkan Real Estate Development: Saudi Arabia's largest listed real estate developer, executing large-scale mixed-use and master-planned communities with strong government relationships. Comparable to Mawared in land banking, phased community development, and reliance on regional investor demand.
• Emaar Properties: Largest Middle East real estate developer, known for master-planned communities such as Downtown Dubai and Dubai Hills. Comparable to Mawared in scale of land bank, mixed-use flagship developments, and integration of residential, commercial, and retail components within a single master plan.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/national-resources-investment-and-development-corporation---mawared

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mawared