news
December 18, 2015
Capital Investments Advised on Arranging Ayla Oasis Facility and Acting as their Facility and Security Agent

OVERVIEW OF TRANSACTION

On December 18, 2015 a consortium consisting of the European Bank for Reconstruction and Development (EBRD), Capital Bank of Jordan and Societé Générale Jordan announced the signing of a USD 100 million facility to support the Ayla Oasis project regeneration plan in the city of Aqaba on the Red Sea.

SIGNIFICANCE OF TRANSACTION

The financing of the development of Ayla Village will lead to redevelopment of the city’s waterfront as a new, sustainable destination for tourism. Aqaba is Jordan’s only coastal city and a major tourist attraction, which Ayla will further enhance by adding sustainable hospitality, retail and entertainment components.

CAPITAL INVESTMENTS’ ROLE

Capital Investments advised on arranging the facility and is acting as Facility Agent and Security Agent.