The European Bank for Reconstruction and Development (EBRD) has disclosed that it has signed an equity co-investment to acquire an indirect equity stake in Airport International Group (AIG), which holds the concession for the Queen Alia International Airport of Amman (QAIA).
EBRD will acquire the equity stake in the concessionaire through acquiring a share of the investment made in AIG by Meridiam Eastern Europe Investments 2 SAS. The other shareholders in AIG are ADP Group and Asma Capital, owning 51% and 17%, respectively.
The 25-year Build-Operate-Transfer concession concerns the rehabilitation, expansion and operation of the airport.
EBRD's investment in the concession amounts to EUR30.5 million (US$35.0 million). The proceeds of the investment will be used to acquire shares and provide a shareholder loan, plus financing other associated costs.
Country updates
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January 08, 2019
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It has been announced that the IFC will conduct a feasibility study for the project
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January 08, 2018
ADP to take full control of Amman airport
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November 16, 2017
The IFC signed an agreement with the government of Jordan to help with the public-private partnership project by conducting a legal, technical, commercial, and environmental and social review of the project
