A&O Shearman advises L'imad Rail and Etihad Rail PJSC on USD2.3bn Jordanian Emirati Rail joint venture

"A&O Shearman advised L'imad Rail and Etihad Rail PJSC on the establishment of the Jordanian Emirati Rail Company, a JV with strategic Jordanian investors to build a 360‑km freight line from Aqaba to phosphate and potash sites. The ~USD2.3bn project covers financing, construction, operation and maintenance and advances a USD5.5bn UAE–Jordan investment framework."

A&O Shearman advised L'imad Rail and Etihad Rail PJSC on the establishment of the Jordanian Emirati Rail Company, a joint venture with strategic Jordanian investors to develop a national freight rail network in Jordan. The approximately USD2.3 billion project encompasses the financing, construction, operation and maintenance of a 360‑km railway linking Aqaba port to Jordan’s key phosphate and potash production sites. This landmark joint venture further advances the USD5.5 billion investment framework between the UAE and Jordan, reflecting the two countries’ commitment to infrastructure‑led economic growth and regional connectivity. A&O Shearman represented L'imad Rail and Etihad Rail PJSC with a team composed by: David Foster (managing partner, META), Ibrahim Mubaydeen (managing partner, Abu Dhabi), Elliott Sawford (partner), Grace Hunt (senior associate), Cameron Griffiths (senior associate) and Gartan Tracey (senior associate).

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A&O Shearman advises L'imad Rail and Etihad Rail PJSC on USD2.3bn Jordanian Emirati Rail joint venture

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A&O Shearman advises L'imad Rail and Etihad Rail PJSC on USD2.3bn Jordanian Emirati Rail joint venture

Read the full story

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