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Jordan PPP
Stained-glass illustration of robots and an AI tower, the art on the guide’s cover

Capital

Launch a PPP program for Infrastructure Funds in Jordan

A free 17-page guide · The $500 trillion PPP infrastructure opportunity

What this guide is for

Your fund launches an investment program that takes equity in public-private partnership (PPP) project companies in Jordan and the region, builds a platform for small-scale PPPs and backs the technology that runs them.

The case

Equity sponsors shape every PPP from bid to handback

Equity takes the development risk in a PPP and earns its return across the concession, and the assets of the next fifty years will be built, run and valued in new ways. Funds that build a PPP program now will own the rebuild from its first projects. This guide invites infrastructure funds and asset managers in Jordan to launch that program, starting with the projects at home.

The guide

Invest in the $500 trillion PPP infrastructure opportunity

Your fund launches a dedicated PPP investment program, a team and a set of strategies that take equity in projects from bid to operation, gather small projects into one platform and back the technology that runs them, starting with Jordan’s $86 billion of projects and the $46 billion anchored in Aqaba.

  1. 01

    Equity in project companies

    The fund joins consortiums as a sponsor at bid stage, takes equity in the project companies that win, and holds or recycles each stake once the asset is built and earning. Entering at bid stage gives the fund a say in the design, the contractor and the operator.

  2. 02

    A platform for small-scale PPPs

    Jordan’s PPP Regulation No. 9 of 2024 defines small-scale PPPs below $14.1 million, which can be bundled into one feasibility report and one tender, and PPP Law No. 19 of 2023 accepts direct private proposals under Article 15. A platform company that owns many small projects on standard terms gives the fund scale from projects that are each too small to invest in alone.

  3. 03

    A technology sleeve

    A sleeve of the fund invests in the companies supplying AI, robotics and tokenization to its own assets, so the fund captures the value of the technology as well as the value it adds to each project.

  4. 04

    Co-investing with venture capital

    The fund co-invests beside venture capital firms in startups whose pilots work, then deploys their proven technology across its portfolio. Venture capital takes the early technology risk, and the fund carries the proven product into large projects that earn for decades.

  5. 05

    Tokenized holdings

    The fund tokenizes stakes in its operating PPPs and opens them to regional and retail investors, which recycles capital into new projects and sets a market price for each asset between full exits.

Page 5 of the guide: The guide
Page 5 of 17 · The guide

Why infrastructure funds

Equity sponsors shape every PPP from bid to handback

A PPP belongs to its sponsors. Lenders bring most of the capital and contractors bring the build, while the equity investors choose the partners, carry the first loss and keep what the asset earns after its debts are paid.

Where infrastructure funds fit in a PPP

Bid
Equity commitments, sponsor support and the choice of contractor, operator and lenders that make a bid credible to the contracting authority.
Financial close
Equity and shareholder loans beside the senior debt, with the governance and reserves the lenders require.
Construction
Oversight of the contractor, the budget and the schedule through the fund’s seats on the project company board.
Operation
Asset management across the concession: performance against the contract, operating costs, technology upgrades and refinancing.
Exit
Sales of operating stakes to sovereign, pension and insurance investors, listed vehicles and tokenized holdings.

What changes for infrastructure funds

AI, robotics and tokenization change what an asset earns and how a fund holds it. Sensors and digital twins report performance against the contract every day, so an asset manager can act before a penalty applies. Robotic construction and maintenance bring the asset as built closer to the financial model, and tokenized stakes let a fund sell part of a holding to many investors at once and recycle the capital into new bids.

Why a program, and why now

Without a program, a fund meets each PPP as a one-off deal and its team relearns the structure and the counterparties every time. A program gives the fund a team on the ground, a pipeline, trusted partners and standard terms, so each new project costs less to win than the last. Jordan’s pipeline is large and early, and the sponsors that join consortiums as they form will own the projects when they reach operation.

Page 13 of the guide: Why infrastructure funds
Page 13 of 17 · Why infrastructure funds
Stained-glass illustration of glowing stepping stones along a glass wall, leading toward a sunrise and a distant city of towers

Futureproofing

Futureproof Infrastructure Funds in Jordan for the infrastructure singularity

This free 17-page guide shows how, with small PPPs in parallel, PPP research labs, artificial intelligence, robotics, tokenization and six first steps.

Stained-glass illustration of the Red Sea port of Aqaba at dawn

Jordan and Aqaba

An $86 billion pipeline to start with

Every one of them will need equity, sponsors and long-term owners. A Jordanian fund that owns one project company at home can repeat the structure across the region.

$86B
of PPP and infrastructure projects in development in Jordan
$46B
of them anchored in Aqaba
  • Artificial intelligence

    AI lets a fund assess a PPP as thoroughly as the team that prepared it. Deal teams can test a financial model, read a concession agreement and compare a bid against similar deals in hours, which lowers the cost of every bid. Once the asset is operating, digital twins and sensors give the asset manager live performance data, so the fund can lift availability, cut operating costs and value each holding on evidence.

  • Robotics

    Robotics changes the economics of the assets a fund owns. Projects that use automated construction finish closer to schedule, and assets inspected by drones and maintained by robots run with fewer failures and lower operating costs across the concession. Those savings reach the equity, and the companies that supply the machines become investments in their own right for the fund’s technology sleeve.

  • Tokenization

    Tokenization gives a fund a new way to sell down and recycle capital. The fund can tokenize a stake in an operating PPP, place it with regional and retail investors, pay holders from the project’s revenue through smart contracts and keep control of the asset, so each sale funds the next project and sets a price for the holding.

  • Small PPPs and research labs

    Small PPPs are where the technology a fund’s large assets will run on gets proven first. A fund that backs the labs, or joins venture capital firms in a fund for small PPPs, sees the results early and enters the large projects with technology risk already priced.

  • Unsolicited proposals

    A direct proposal gives a fund a project at its very first stage, with the equity, the structure and the partners chosen by the fund itself. The right to match the best offer at tender protects that early work, and similar small-scale PPPs can be bundled into one feasibility report and one tender, which suits a platform.

The program

How the program could work

The program can sit inside the fund’s existing investment team, with a PPP lead at its center and strategies drawn from what the fund already does.

PPP team
A small team of investment, asset management, legal and technical people that covers every PPP in the pipeline from the first market sounding.
Investment policy
A PPP policy built around contracted revenues, availability payments and the risk allocation in each concession agreement.
Project equity
Sponsor equity in greenfield bids and stakes in operating projects in Jordan and the region.
Small-scale PPPs
A platform company that owns many small-scale PPPs below $14.1 million and direct proposals under Article 15 on standard terms.
Technology sleeve
Investments in the companies supplying AI, robotics and tokenization to the fund’s own assets, alongside venture capital co-investors.
Tokenized holdings
A pilot issue of tokenized stakes in one operating PPP, offered to regional and retail investors.
Partners
Co-investment with banks, sovereign and pension funds, developers, contractors and operators on the larger projects.

What the fund gains

The fund gains long-dated assets backed by contracted revenue, a place in the consortiums that form around Jordan’s pipeline and a platform that turns small projects into a holding of real size. Each project also brings developers, contractors and operators who can partner with the fund on the next one.

It also gains a position in the next form of infrastructure ownership. The first fund in the region to put proven AI and robotics into its assets and to tokenize stakes in an operating PPP will set the standard for how infrastructure is run and sold.

Page 14 of the guide: The program
Page 14 of 17 · The program
Stained-glass illustration of glowing stepping stones rising toward a sunrise arch

Next steps

How a fund can start

Any infrastructure fund or asset manager in Jordan can take this guide forward. The first steps use the capital, people and investors the fund already has.

  1. 01

    Mandate

    Investment committee approval for a PPP program, with its sectors, its equity tickets and its first-year goals.

  2. 02

    Team

    A named program lead, with origination, asset management, legal and technical people drawn from the fund’s existing teams.

  3. 03

    Pipeline

    A map of Jordan’s $86 billion of projects by sector and stage, and early meetings with the sponsors and contracting authorities forming consortiums now.

  4. 04

    Platform

    A small-scale PPP platform with standard terms, ready to take stakes in bundled projects below $14.1 million.

  5. 05

    Partners

    Co-investment with venture capital firms, banks, developers and operators.

  6. 06

    Pilot

    A first equity stake, lab investment or direct proposal, taken from idea to investment committee.

Jordan has the projects, the consortiums now forming and a law that accepts unsolicited proposals. A PPP program gives your fund equity in those projects from the start and a head start in owning the superintelligent infrastructure future.

The full document

Inside this guide

Seventeen pages and thirteen sections, from the case for a PPP program to the first steps, written for infrastructure funds in Jordan.

Download the guide (PDF)
  1. 01IntroductionWhy a century of infrastructure needs rebuilding, and the $500 trillion it will take.p. 3
  2. 02The guideInvest in the $500 trillion PPP infrastructure opportunityp. 5
  3. 03Jordan and AqabaAn $86 billion pipeline to start withp. 6
  4. 04Artificial intelligenceHow AI designs, structures and runs PPP projects, and what it means for infrastructure funds.p. 7
  5. 05RoboticsHow robots build infrastructure and keep it running, and what that means for infrastructure funds.p. 8
  6. 06TokenizationHow tokenization funds projects from their own revenue, and the role it opens for infrastructure funds.p. 9
  7. 07Small PPPs in parallelWhy many small PPPs teach a country faster than a few large ones.p. 10
  8. 08PPP research labsA lab in each sector, running ten small PPP projects a year.p. 11
  9. 09Unsolicited proposalsHow Jordan’s PPP law accepts direct proposals from private companies.p. 12
  10. 10Why infrastructure fundsEquity sponsors shape every PPP from bid to handbackp. 13
  11. 11The programThe program can sit inside the fund’s existing investment team, with a PPP lead at its center and strategies drawn from what the fund already does.p. 14
  12. 12AboutAbout Jordan PPP and what it offers.p. 15
  13. 13Next stepsHow a fund can start: six first steps.p. 16

Questions

Questions about the guide for Infrastructure Funds in Jordan

What does the guide for Infrastructure Funds in Jordan propose?
Your fund launches an investment program that takes equity in public-private partnership (PPP) project companies in Jordan and the region, builds a platform for small-scale PPPs and backs the technology that runs them.
Why should infrastructure funds in Jordan launch a PPP program?
Equity sponsors shape every PPP from bid to handback. A PPP belongs to its sponsors. Lenders bring most of the capital and contractors bring the build, while the equity investors choose the partners, carry the first loss and keep what the asset earns after its debts are paid.
Which PPP projects can infrastructure funds in Jordan take part in?
Jordan has about $86 billion of PPP and infrastructure projects in development, $46 billion of them anchored in Aqaba. Every one of them will need equity, sponsors and long-term owners. A Jordanian fund that owns one project company at home can repeat the structure across the region.
How can infrastructure funds in Jordan start a PPP program?
Any infrastructure fund or asset manager in Jordan can take this guide forward. The first steps use the capital, people and investors the fund already has. The guide sets out six first steps: mandate, team, pipeline, platform, partners and pilot.
What does a PPP program give infrastructure funds in Jordan?
The fund gains long-dated assets backed by contracted revenue, a place in the consortiums that form around Jordan’s pipeline and a platform that turns small projects into a holding of real size. Each project also brings developers, contractors and operators who can partner with the fund on the next one.
Is the guide for Infrastructure Funds in Jordan free?
Yes. It is free to read on this page and free to download as a 17-page PDF, with the case for a PPP program, Jordan’s pipeline, the role of AI, robotics and tokenization, the program and six first steps.