Al Tamimi & Company Advised IFC On Landmark Baghdad International Airport PPP
Al Tamimi & Company advised IFC on Baghdad International Airport PPP, a USD 764 million landmark infrastructure project.
Al Tamimi & Company Advised IFC on Landmark Baghdad International Airport PPP
The largest law firm in the Middle East and North Africa (MENA) region, Al Tamimi & Company, the leading full-service legal firm in the MENA region, advised the International Finance Corporation (IFC) on the landmark public-private partnership (PPP) for the redevelopment and operation of Baghdad International Airport in Iraq.
The Iraqi Council of Ministers approved a 25-year, approximately USD 764 million PPP concession to the CAAP Amwaj consortium, comprising Corporación América Airports (CAAP), the world’s largest private airport operator, and Amwaj, a leading Iraqi development group.
The project covers the full redevelopment of Baghdad International Airport, including a new passenger terminal, runway rehabilitation, and construction of new cargo and VIP facilities. Privately financed with a revenue-sharing mechanism benefiting the Iraqi government, it is Iraq’s most significant transport PPP to date and sets a benchmark for future infrastructure concessions.
Al Tamimi & Company, together with DLA Piper, advised IFC as transaction advisor to the Government of Iraq.
Khaled Al Saqqaf, Partner and Head of Al Tamimi & Company’s Jordan Office, commented,
"This transaction marks a defining moment for Iraq’s infrastructure development and demonstrates the growing confidence of international investors in the country’s economic potential. We are proud to have supported IFC on this landmark PPP, which will enhance Iraq’s connectivity, drive investment, and serve as a benchmark for future public-private collaborations across the region."
Thomas Calvert, Head of Corporate Commercial at Al Tamimi & Company’s Iraq Practice, added,
"The Baghdad International Airport PPP is a major step forward for Iraq, showing that large-scale, internationally bankable infrastructure can be delivered through transparent, competitive procurement aligned with global best practice. As the first PPP of its kind in the country’s aviation sector, this USD 764 million investment will modernize capacity and operations, improve the passenger experience, and help position Baghdad as a future regional hub. Equally, it provides a clear, workable blueprint for future Iraq PPPs—attracting quality private capital, strengthening confidence in Iraq’s reform trajectory, and unlocking long-term value for the economy and local communities."
Al Tamimi & Company’s Iraq team – led by Khaled Al Saqqaf (Partner) and supported by Thomas Calvert (Partner), Haydar Jawad (Partner), and Aro Omar (Senior Associate) – played an integral role across corporate, regulatory, and PPP workstreams.
Al Tamimi and Company is the leading full-service law firm in the UAE and MENA region, with 17 offices across 10 countries. Since 1989, the firm has delivered innovative, cost-effective legal solutions to address complex business challenges. The team of 580+ legal professionals combines deep expertise with practical insights, offering commercially focused advice that drives client success. With a commitment to diversity and inclusion, the firm fosters a dynamic environment that attracts top talent and empowers it to deliver outstanding results across industries.
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