ADP wins Jordan airport expansion deal

ADP Consortium has been awarded a contract to overhaul and manage Queen Alia International Airport (QAIA) in Jordan.

The ADP Consortium is made up of Edgo Ventures (Edgo), Aeroports de Paris Management (ADPM), Joannou & Paraskevaides (Overseas) Ltd., J&P-Avax, Abu Dhabi Investment Company (ADIC) and Noor Financial Investment Company.

Edgo Ventures is the corporate finance and investment management arm of the Edgo Group. ADPM is a leading airport operator, managing a number of airports in France and another 23 worldwide. J&P and J&P Avax are construction companies that have helped build airports in the Middle East and Pakistan. ADIC and Noor Financial are regional financial institutions.

The consortium will manage the airport on a 25-year build, operate, transfer (BOT) basis. Plans for the airport include the construction of a new terminal.

"This project is a key milestone in Jordan's move towards attracting private participation in the country's transport sector," said Saud Nseirat, Jordan's Minister of Transport. "I believe that it will pave the way for other public-private partnership agreements in Jordan."

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