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Sovereign Wealth Funds Briefing - Categorized | Market

Abu Dhabi-led grouping eyes exit from Jordan airport

Posted on 29 January 2013

An Abu Dhabi-led consortium investing US$850m to expand Jordan’s main airport is looking to exit a 25-year concession to manage the facility, preferring to cash in the investment rather than stay involved for coming years.
Three banking sources told Reuters Airport International Group (AIG), formed of French, Greek and Jordanian firms to expand the Queen Alia International Airport with an additional terminal, had approached banks to advise on the possible sale. The AIG consortium is led by Abu Dhabi-owned Invest AD, which has a 38 percent stake, and Kuwait’s Noor Financial Investment Co, with a 24 percent ownership………………………………………..Full Article: Source


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