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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 Banks in Jordan

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

What this guide is for

Your bank launches a dedicated program to finance public-private partnership (PPP) projects, the Jordanian contractors and technology companies that build and run them, and the first tokenized infrastructure.

The case

Banks decide when a PPP reaches financial close

Debt carries most of the capital in a typical PPP, and the projects of the next fifty years will be financed, monitored and traded in new ways. Lenders that build a PPP program now will finance the rebuild from its first projects onward. This guide invites every bank in Jordan to launch that program, starting with the projects at home.

The guide

Finance Jordan’s share of the $500 trillion PPP infrastructure opportunity

Your bank launches a dedicated PPP program, a team and a set of products that finance projects from tender to operation, along with the Jordanian companies that supply them and the technology that runs them, starting with Jordan’s $86 billion of projects and the $46 billion anchored in Aqaba.

  1. 01

    A PPP desk

    A dedicated team that knows how PPPs are prepared, procured and financed meets every project in Jordan’s pipeline early, while sponsors are still choosing their lenders.

  2. 02

    Products for the whole life of a project

    Bid bonds and guarantees during the tender, bridge and construction loans through the build, long-term loans through operation, hedging, escrow and project accounts, and refinancing once the asset is earning.

  3. 03

    Finance for the supply chain

    Working capital, equipment finance and supply-chain finance for the Jordanian contractors, subcontractors, suppliers and technology companies that deliver each project bring the bank a wide base of new clients around every concession.

  4. 04

    Small-scale PPPs as a product line

    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. Standard terms for small projects let the bank lend to many of them at low cost.

  5. 05

    Tokenized infrastructure notes

    The bank issues and holds in custody tokenized participations in PPP loans and project revenues, which opens operating infrastructure to Jordanian and regional investors and releases balance sheet for the next project.

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

Why banks

Banks decide when a PPP reaches financial close

A PPP is built on borrowed money. Sponsors bring the equity, contractors bring the build and the operator brings the service, while lenders provide most of the capital and set the terms every other party has to meet.

Where banks fit in a PPP

Tender
Bid bonds, letters of support and early term sheets that show the contracting authority a bid can be financed.
Financial close
Senior and mezzanine loans, hedging and the security package that fund the build.
Construction
Advance payment and performance guarantees, drawdown control and working capital for contractors and suppliers.
Operation
Project accounts, debt service reserves, collection of tolls, tariffs and availability payments, and refinancing once the asset has a track record.
Exit
Bonds, sukuk and tokenized notes that sell operating assets to long-term investors.

What changes for lenders

AI, robotics and tokenization change the risks lenders take and the tools they use. Projects with sensors and digital twins report their own performance, so covenants can be tested on live data. Robotic construction and maintenance narrow the gap between the financial model and the asset as built, and tokenized notes let a bank sell down a loan to many investors at once and recycle its capital into the next project.

Why a program, and why now

Without a program, a bank meets each PPP as a one-off transaction and its teams relearn the structure every time. A program gives the bank a team, a credit approach and standard documents that make each new project faster and cheaper to finance than the last. Jordan’s pipeline is large and early, and the lenders in the room when sponsors form their consortiums are the ones who end up financing them.

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

Futureproofing

Futureproof Banks 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.

Download the guide (PDF)What changes at the singularity
Stained-glass illustration of the Red Sea port of Aqaba at dawn

Jordan and Aqaba

An $86 billion pipeline to finance at home

Every one of them will need loans, guarantees and accounts. A Jordanian bank that finances one project at home can carry the same structure to the next one across the region.

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

  • Artificial intelligence

    AI lets a bank assess a PPP as thoroughly as the project team that built it. Credit teams can test a financial model, read a concession agreement and its schedules, and compare a project against similar deals in hours. Once the asset is operating, the sensors and digital twins that run it give the lender live data on performance, so monitoring costs less and problems surface earlier.

  • Robotics

    Robotics lowers the cost and the risk of building and maintaining an asset, and that risk is what lenders price. Projects that use inspection drones, leak-finding robots and automated construction finish closer to schedule and fail less often in operation, and the companies that supply those machines need equipment finance, leasing and working capital as they grow.

  • Tokenization

    Tokenization turns a bank into an issuer, a custodian and a distributor for infrastructure. The bank can originate a PPP loan, place tokenized participations with its own retail and private clients, pay them from the project’s revenue through smart contracts and keep the relationship with the borrower, which releases capital for the next project.

  • Small PPPs and research labs

    Small PPPs give a bank a standard product it can lend against many times, with similar contracts, similar revenues and small tickets spread across every sector. A bank in Jordan that finances the labs and their pilots builds a book of performance data on new technology and Jordanian contracts, and lends into the large projects with that risk already priced.

  • Unsolicited proposals

    Every direct proposal needs a financial case and a lender willing to stand behind it. A bank that issues letters of support and early term sheets for proposals under Article 15 meets projects at their very first stage, and the proposer’s right to match the best offer at tender gives the bank a sponsor with a head start.

The program

How the program could work

The program can sit inside the bank’s corporate and investment banking teams, with a PPP desk at its center and products drawn from what the bank already offers its Jordanian clients.

PPP desk
A small team of project finance, credit, legal and technical people that covers every PPP in Jordan’s pipeline from the first market sounding.
Credit approach
A PPP credit policy built around contracted revenues, availability payments and the risk allocation in each concession agreement.
Products
Bid bonds, guarantees, construction and term loans, hedging, project accounts, supply-chain finance and refinancing in one package.
Small projects
Standard terms and documents for small-scale PPPs below $14.1 million and for direct proposals under Article 15.
Technology lending
Equipment finance, leasing and working capital for the Jordanian companies supplying AI, robotics and tokenization to the projects.
Tokenized notes
A pilot issue of tokenized participations in an operating PPP loan, offered to the bank’s own clients.
Partners
Co-lending with regional and international banks, development finance institutions and infrastructure funds on the larger projects.

What the bank gains

The bank gains long-dated assets backed by contracted revenue, fees across the life of each project and a place at the table when consortiums form. Every PPP brings sponsors, contractors, operators, suppliers and employees who need accounts, payments and loans, so each project also opens a new cluster of clients.

It also gains a position in the next form of infrastructure finance. The first bank in Jordan to issue tokenized participations in a PPP loan will set the standard for how operating infrastructure is sold to investors at home and across the region.

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 bank can start

Any bank in Jordan can take this guide forward. The first steps use the teams, products and clients the bank already has.

  1. 01

    Mandate

    Board and executive approval for a PPP program, with its target sectors, its first-year goals and the risk appetite for long-dated project lending.

  2. 02

    Team

    A named PPP desk lead, with project finance, credit, legal and technical people drawn from the bank’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 behind the first of them.

  4. 04

    Products

    The bank’s guarantees, loans, hedging and accounts packaged into one PPP offer, with standard terms for small-scale PPPs.

  5. 05

    Partners

    Co-lending talks with regional and international banks, development finance institutions and infrastructure funds.

  6. 06

    Pilot

    A first small-scale PPP and a first tokenized PPP note taken from idea to term sheet.

Jordan has the projects, the sponsors and a law that accepts unsolicited proposals. A PPP program gives your bank a seat in the consortiums that form around them and a head start in financing the superintelligent infrastructure future.

Download the guide (PDF) Contact Saad about this guide

The full document

Inside this guide

Seventeen pages and thirteen sections, from the case for a PPP program to the first steps, written for banks 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 guideFinance Jordan’s share of the $500 trillion PPP infrastructure opportunityp. 5
  3. 03Jordan and AqabaAn $86 billion pipeline to finance at homep. 6
  4. 04Artificial intelligenceHow AI designs, structures and runs PPP projects, and what it means for banks.p. 7
  5. 05RoboticsHow robots build infrastructure and keep it running, and what that means for banks.p. 8
  6. 06TokenizationHow tokenization funds projects from their own revenue, and the role it opens for banks.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 banksBanks decide when a PPP reaches financial closep. 13
  11. 11The programThe program can sit inside the bank’s corporate and investment banking teams, with a PPP desk at its center and products drawn from what the bank already offers its Jordanian clients.p. 14
  12. 12AboutAbout Jordan PPP and what it offers.p. 15
  13. 13Next stepsHow a bank can start: six first steps.p. 16

Questions

Questions about the guide for Banks in Jordan

What does the guide for Banks in Jordan propose?
Your bank launches a dedicated program to finance public-private partnership (PPP) projects, the Jordanian contractors and technology companies that build and run them, and the first tokenized infrastructure.
Why should banks in Jordan launch a PPP program?
Banks decide when a PPP reaches financial close. A PPP is built on borrowed money. Sponsors bring the equity, contractors bring the build and the operator brings the service, while lenders provide most of the capital and set the terms every other party has to meet.
Which PPP projects can banks 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 loans, guarantees and accounts. A Jordanian bank that finances one project at home can carry the same structure to the next one across the region.
How can banks in Jordan start a PPP program?
Any bank in Jordan can take this guide forward. The first steps use the teams, products and clients the bank already has. The guide sets out six first steps: mandate, team, pipeline, products, partners and pilot.
What does a PPP program give banks in Jordan?
The bank gains long-dated assets backed by contracted revenue, fees across the life of each project and a place at the table when consortiums form. Every PPP brings sponsors, contractors, operators, suppliers and employees who need accounts, payments and loans, so each project also opens a new cluster of clients.
Is the guide for Banks 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.

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