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Add to Preferred SourcesThe EBRD is supporting important infrastructure private-public partnerships (PPP) projects in Jordan, with the purchase of an indirect equity stake in Airport International Group (AIG), the concessionaire operating Queen Alia International Airport in Jordan (QAIA).
The Bank is committing up to €30.5 million to AIG through the acquisition of an indirect stake in Meridian Eastern Europe Investments 2 SAS (Meridiam), which acquired 32 percent of AIG last year.
With its participation in the project, the EBRD is helping to strengthen the resilience of the Jordanian economy, by supporting the development of PPPs markets and the capital markets of the country generally. It aims to be a catalyst that will attract more investment capital into PPP projects and support the development of a secondary market for PPPs in order to attract institutional investors.
Drawing on its long experience in developing sustainable infrastructure projects in emerging economies, the EBRD will use its involvement to contribute to enhanced engagement with environmental and social issues by AIG.
QAIA was first inaugurated in 1983 to become Jordan’s key gateway to the world. Located 35 kilometers from the heart of the capital, Amman, it provides passenger, air cargo and aviation support services. It gives direct access to major business and travel destinations in Europe, Asia, North America and the Middle East, and heritage sites like Petra, the Dead Sea and the Wadi Rum Desert.
Original source: EBRD
Published on 28 January 2019