Project description
On June 30, 2025 MIGA issued a guarantee for up to $219,015,232 to Meridiam Eastern Europe Investments 2 SAS (Meridiam) of France for its equity/quasi-equity investment in Airport International Group (AIG), the current concessionaire of the Queen Alia International Airport (QAIA) in Jordan, the country’s principal airport. The guarantee was issued for up to 15 years against the risks of Transfer Restriction, Expropriation, War and Civil Disturbance and Breach of Contract, and replaces the guarantee issued by MIGA in 2018.
On March 30, 2018, MIGA agreed to issue guarantees of up to $195,154,839 to Meridiam Eastern Europe Investments 2 SAS (Meridiam) of France for its equity/quasi-equity investment into Airport International Group (AIG), the current concessionaire of the Queen Alia International Airport (QAIA) in Jordan. The guarantees are issued for a period of up to 15 years against the risks of Transfer Restriction, Expropriation, War and Civil Disturbance and Breach of Contract.
The project consists of the acquisition by Meridiam of a 32% stake in AIG, which entered a concession agreement (concession) with the Government of Jordan (GoJ) in 2007 to rehabilitate, expand and operate QAIA. The concession was amended in 2024 and extended to 2039.
Environmental Categorization
The project is a category B under MIGA’s Policy on Environmental and Social Sustainability.
Development Impact
Meridiam’s investment will continue to direct capital expenditures towards the airport’s commercial activities (e.g., duty free shopping, specialty retail, and the sale of food and beverage) which, in turn, will generate higher non-aeronautical revenues and additional revenue for Jordan over the duration of the concession agreement, and enhance passenger travel and retail experience. QAIA is an important infrastructure asset for Jordan, which was used by 12 million passengers in 2024 and supports the country’s economic growth and development. It is expected to remain the primary airport, connecting domestic and international visitors, supporting the tourism sector, and handling air freight and cargo. The investment will facilitate direct employment growth at QAIA, as well as indirect employment by domestic suppliers and service providers.
