Khalifeh & Partners acted as legal advisors to Abu Dhabi Ports Group in connection with the signing of a 30-year agreement with Aqaba Development Corporation (ADC) for the development, modernization, management and operation of a multipurpose and general cargo terminal in Aqaba. The signing ceremony took place in February 2026 at the headquarters of the Aqaba Special Economic Zone Authority (ASEZA) in Aqaba.

The project forms part of a broader development vision for the city of Aqaba and is intended to enhance cargo volumes, operational efficiency and long-term performance and is expected to further strengthen Aqaba’s position as a strategically important regional logistics hub.

Khalifeh & Partners also advised AD Ports Group on the structuring of the transaction, including the shareholders’ agreements, the establishment of the joint venture company and the negotiation of various project-related agreements in connection with the project.

The K&P team was led by Managing Partner Ala’ Khalifeh, with support from Senior Associates Adele Shaban and Siwar Saket, and Junior Associate Alia Farrayeh.

Khalifeh & Partners, in its role as local counsel for the issuer, advised the Ministry of Finance in connection with the issuance of USD 700 million in Eurobonds, together with a tender offer of up to USD 1 billion to repurchase existing bonds ahead of maturity.

As announced, the Eurobonds were issued at a fixed rate of 5.75% for seven years. Investor interest was substantial, with bids more than triple the issuance amount. The proceeds will be directed toward repaying Eurobonds due on 29 January 2026, in line with the Government’s approach to replacing higher-cost debt with lower-cost obligations.

The transaction drew wide participation from global institutions across multiple markets, reflecting sustained confidence in Jordan’s economic stability and reform trajectory.

Our team was led by Managing Partner Ala’ Khalifeh, Senior Associate Dana Mubaidien, and Junior Associate Alia Farrayeh.

Khalifeh & Partners Lawyers advised a syndicate of lenders along with Covington & Burling LLP on the USD 250 million syndicated loan facility extended to Royal Jordanian Airlines. 

This strategic transaction marks a significant milestone for Jordan’s national carrier and reflects confidence of the Jordanian financial sector in RJ’s transformation plan. The facility was provided by a number of Jordanian and regional banks.

Our team acted as Jordanian legal counsel to the lenders and Covington & Burling LLP acted as English legal counsel to the lenders.

We thank our clients and colleagues for their trust and cooperation throughout the process.

Further details here: https://www.petra.gov.jo/Include/InnerPage.jsp?ID=314327&lang=ar&name=news&cat=news

K&P is pleased to have advised IVI Holding on the development of a 6,000 TPD cement plant in Al-Muthanna Province, Iraq. The estimated project cost is around  $240 million and marks a significant step in Iraq’s industrial growth. The project is expected to address a key gap in domestic cement supply and supports broader economic development objectives.

Our team represented IVI Holding on all legal aspects of the project’s development and financing. The project’s EPC Contract was recently signed  by Mr. Hussein Shamara, Chairman of IVI Holding, and Mr. Linhe Zhu, Chairman of Sinoma Overseas.

We congratulate IVI Holding on reaching this milestone and are proud to continue supporting IVI Holding’s initiatives that drive sustainable, long-term growth in Iraq.

Khalifeh & Partners have supported IFC (International Free Company For Import and Export LLC) on the development of Baghdad’s first branded five-star Mövenpick hotel — a landmark achievement for Iraq’s evolving hospitality sector and a sign of growing investor confidence in the region.

Located on Al Zayton Street, Mövenpick Al Zaytoon Baghdad officially opened its doors on 26 April 2025, with a ceremony attended by Prime Minister Mohammed Shia Al Sudani. The project delivers 220 hotel keys, 100 hotel-apartment keys, and a total built-up area of 51,890 m² — providing Baghdad with a world-class hospitality offering under the globally recognised Mövenpick brand, part of the Accor group.

Khalifeh & Partners advised IFC across all aspects of the project’s development and operation, including the hotel agreements and franchise arrangements for premium food and beverage outlets that will operate in the hotel.

We congratulate IFC on this significant achievement and are proud to have been part of delivering a project that brings lasting value to Baghdad’s future.