AMMAN, Jan. 28 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) said on Monday that it purchased an indirect stake in the Airport International Group (AIG), the concessionaire operating the Queen Alia International Airport (QAIA) in Jordan.
The EBRD is committing up to 30.5 million euros (34.9 million U.S. dollars) to AIG, the bank said in a statement, a copy of which was obtained by Xinhua.
The AIG is a private shareholding company incorporated in Jordan since 2007.
The QAIA was first inaugurated in 1983 to become Jordan's key gateway to the world. Located 35 km from the heart of the Jordanian capital Amman, it provides passenger, air cargo and aviation support services.
The QAIA also gives direct access to major business and travel destinations such as Europe, Asia, North America and the Middle East.
Jordan became an EBRD shareholder in 2012.
So far, the bank has committed more than 1.3 billion euros (1.49 billion dollars) across 43 projects in various sectors of the economy, in addition to 120 million dollars of trade facilitation to local banks.
