Kuwait bidder appoints Deutsche Bank as adviser on Aqaba port project

17 February 2009

A consortium led by Kuwait’s KGL Investment has appointed Deutsche Bank to act as financial adviser on its bid for a construction contract at Aqaba port in Jordan.

The consortium is one of four bidders on the project, the others being Bouygues Travaux Publics of France, Saudi Oger and Qatar's United Development Company.

The project is likely to cost about $400m, with funding coming from a number of different sources. The four consortiums have until the end of April to submit their bids.

The winning bidder will form a 30-year public-private partnership with the Jordanian government to design, build and operate the new port.

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