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Consortium denies plans to exit Jordan airport

AIG CEO Kjeld Binger - committed to Queen Alia International Airport

Queen Alia International Airport is 20 miles south of Amman in the Zizya area
Queen Alia International Airport is 20 miles south of Amman in the Zizya area
NEWS, Projects, Aig, Airport, Airport International Group, Deny, Exit, Jordan, Queen Alia International Airport

A consortium of investors in charge of expansion work at Jordan's main airport is not looking to exit a 25-year concession to manage the facility, the firm running the consortium has said.

The new terminal is expected to open in February, increasing capacity nearly three times to 9 million passengers a year.

Reuters reported on Monday (28 January) that sources had told it that Airport International Group (AIG), which is investing $850m to expand the Queen Alia International Airport (QAIA), was looking to sell out and had approached banks for advisory roles.

However, in a statement citing its CEO Kjeld Binger, the firm said: "AIG has no plans of disposing of any part of its investment in QAIA, which is considered the most important Public Private Partnership (PPP) in the history of Jordan."

The AIG consortium is led by Abu Dhabi-owned Invest AD, which has a 38%, and Kuwait's Noor Financial Investment Co, with a 24% ownership.

The consortium was awarded a 25-year build-operate-transfer concession by the Jordanian government in 2007. 


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Construction Week - Issue 764
May 31, 2020