The joint venture achieved financial close. The €150 million investment will be partly covered by a €75 million grant from the US-backed Millennium Challenge Corporation, through a vehicle owned by the Jordanian government. The SPV also contributed a total of €15 million of equity. The remainder of the funding for the expansion was covered by a JOD100 million ($141 million) 20-year loan from a nine-bank local consortium, led by Arab Bank. The other banks involved were Jordan Kuwait Bank, Capital Bank, Société Générale de Banque - Jordanie, Investbank, Social Security Investment Fund, Bank of Jordan, Arab Jordan Investment Bank and Bank al Etihad