IFC advised the Jordanian government on a pioneering public-private partnership that led to the construction of the new terminal and the renovation of existing buildings at the Queen Alia International Airport (QAIA) in Amman, Jordan. This project sought to address the constraints on public resources available to support the airport expansion in line with capacity needs, and free public resources to other sectors. Additionally, QAIA is the main international airport of the country and its expansion is critical to support the tourism industry, which is of vital importance for Jordan’s national economy, as it contributes to approximately 10% of the country’s GDP, is the largest export sector employer and the second largest private sector employer.
IFC & Queen Alia International Airport
IFC provided $120 million in financing and arranged $160 million in syndicated loans from international lenders. In addition, IFC advised the Jordanian government on a pioneering public-private partnership that led to the construction of the new terminal and the renovation of existing buildings.
Economic and Trade Expansion at the QAIA went hand in hand with growing international trade in Jordan: leading up to construction in 2007, imports increased by an average of 15.4% per year since 2000, and exports increased by 20.9% on average over the same period. The expansion also places the QAIA as the main hub in the Levant region, and supports the wider economy by offering growth through regional links.
Tourism Part of the QAIA architectural plan was to institute a modular design, which will allow for six percent yearly growth over the 25 years following construction completion, which would allow for a capacity increase from 3.5 million to 12 million passengers by 2030.