Municipal workers in downtown Amman, Jordan, dig up ancient Roman baths. Amy McConaghy / The National
Municipal workers in downtown Amman, Jordan, dig up ancient Roman baths. Amy McConaghy / The National
Municipal workers in downtown Amman, Jordan, dig up ancient Roman baths. Amy McConaghy / The National
Municipal workers in downtown Amman, Jordan, dig up ancient Roman baths. Amy McConaghy / The National

Roman baths discovered next to Amman’s famed amphitheatre


Khaled Yacoub Oweis
  • English
  • Arabic

Construction crews installing new sewers in downtown Amman stumbled upon Roman baths, an archaeological treasure in the sprawling city built upon layers of antiquity and struggling to preserve its ancient past.

The discovery of the 2,300-year-old site immediately posed a dilemma last week for authorities responsible for completing infrastructure under a main thoroughfare.

Now they face the need to preserve the subterranean clay baths, the first to be found since the city was called Philadelphia in the Roman era.

Workers on the site of ancient Roman baths discovered last week in Amman, Jordan. Amy McConaghy / The National
Workers on the site of ancient Roman baths discovered last week in Amman, Jordan. Amy McConaghy / The National

Two other Roman bath sites were discovered decades ago in the Roman cities of Jerash and Um Qais, north of Amman.

Asem Asfour, head of the Amman sector at the Department of Antiquities, told The National from the site that the existence of the baths, a few hundred metres from the famed Roman amphitheatre of Amman, showed "the prosperity of Philadelphia" under its Roman rulers.

“Philadelphia was a seat of Roman government and the baths were one of the edifices they left behind in the city,” Mr Asfour said.

Pottery fragments found at the baths indicate that they were built in the 2nd to 3rd century BC, Mr Asfour said. At least one headless statue of what appears to be a Roman noble was also dug up.

The site appears to comprise typical components of Roman baths: a reception area and hot, lukewarm, and cold rooms, Mr Asfour said.

Although the Amman municipality has jurisdiction over the site the antiquities department formed a committee to “identify the options” for the site, which is next to a row of commercial and residential buildings.

Archaeological sites near Amman, such as a Byzantine garrison complex in the west of the city, are encroached upon by the plain white buildings that comprise the nondescript skyline of Amman.

Passersby observe an archaeological Roman site, uncovered during sewage works in Amman, Jordan. Amy McConaghy / The National
Passersby observe an archaeological Roman site, uncovered during sewage works in Amman, Jordan. Amy McConaghy / The National

The Department of Antiquities must be informed when archaeological sites or ancient items are found, but property owners and developers are known to ignore the law so as not to delay construction or new buildings.

Mr Asfour said the main question facing the many authorities with jurisdiction over the baths site will be whether to continue installing a concrete sewage tank at the site or continue the archaeological excavations and preserve the baths.

But he made clear what his preference would be, describing the baths as “a main architectural component from the Roman era”.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

If you go…

Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.

Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.