The ADP Group, through its wholly-owned subsidiary ADP International, has finalised the transaction allowing it to hold 51% of the capital and giving it exclusive control of the Airport International Group (AIG), the management company of Queen Alia International Airport. (IATA: AMM) in Amman, Jordan. AIG is running the airport under a 25-year concession that expires in 2032.
There are also new co-shareholders in AIG; Paris-based Meridiam and the Islamic Development Bank Infrastructure Fund II, while the engineering and development group, Edgo, retains its co-shareholder status.
ADP already held a 9.5% stake in AIG and says it has invested $265 million in the project so far. Amongst its listed objectives are its aims to strengthen the airport’s route network; improve the quality of service offered to passengers; enhance the performance of aeronautical and commercial activities, and finally to ensure sustainable and socially responsible development for the remaining duration of the project.