AIG Participates in the Jordan Travel Mart 2009

Wednesday, February 25, 2009

February 25th, 2009:  During a speech to the guests of the Jordan Travel Mart 2009 at the Dead Sea, Mr. Eyad Rashad, Vice Chairman of the Board of Directors of the Airport International Group (AIG), a Jordanian company, strategic investor and operator of the Queen Alia International Airport (QAIA), highlighted the latest developments at the existing terminals and construction progress of the new terminal.

Mr. Rashad welcomed the international audience drawn from the many tour operators who attract visitors to the Kingdom, saying, “AIG has undertaken an intensive phase of capital improvement and upgrading of passenger services for the existing terminals with extensive rehabilitation and comprehensive improvement works including  the check-in areas, customs hall, restrooms, new Food and Beverage (F&B) offerings and facilities as well as many other functional upgrades; all aimed at delivering a world class  travel experience.”

“AIG completed a competitive Request for Proposals (RFP) last month aimed at attracting fresh investment and an enhanced F&B offering for the existing QAIA terminals. We received b interest from many of our existing investors, as well as other local, regional and international operators. We were particularly pleased to see the continued confidence in the QAIA market despite the global economic downturn.” 

AIG’s Chief Executive Officer, Curtis Grad, added “The total investment value to be injected into the new F&B facilities exceeds JD1 million, with highly competitive proposals received from a broad cross section of qualified parties. Attesting to the quality and capability of the local F&B industry, the competitive process has resulted in most of our current investors being retained, while attracting several “new entrants” with b Jordanian identity, including Zalatimo Brothers and Freeze Creamery, offering exceptional dining concepts created especially for our local market.”

Mr. Grad also pointed out the importance of this investment in the Jordanian aviation sector, as Jordan emerges a major transit hub for international airlines and passengers. Confidence and optimism in the Jordanian market remains b, buoyed by increased frequencies and new destinations recently announced by Royal Jordanian, Air France, Austrian Airlines, bmi, Emirates Airlines and Air Meditteranee.

The rehabilitation and expansion works at QAIA are well underway with the new passenger terminal extending over 85,000 square meters. AIG, under the terms of a 25-year concession agreement with the Hashemite Kingdom of Jordan, is responsible for the operation of the airport, the rehabilitation of existing facilities and the construction of the new terminal.

AIG is a Jordanian company with private shareholding by Invest AD (UAE), Noor Financial Investment Company (Kuwait), Edgo Group (Jordan), Joannou & Paraskevaides (Overseas) Limited (Cyprus), J&P-Avax (Greece) and Aéroports de Paris Management (France).