EBRD and EU support growth of Aqaba Digital Hub in Jordan
Jordan, May 7 -- The European Bank for Reconstruction and Development (EBRD), with the support of the European Union (EU), is strengthening Jordan's position as a regional digital hub with a JOD 10 million (US$ 14.1 million) loan to Aqaba Digital Hub (ADH). Capital Bank of Jordan, an existing lender to ADH, acts as parallel lender in the financing.The EBRD loan will fund the fit-out and expansion of ADH's existing data centre, including settling supplier commitments and constructing a second hall. The site is Jordan's largest Tier 3, carrier neutral data centre.The financing will be complemented by technical assistance to support the launch of Aqaba Digital Academy, which will deliver specialised training in information and communications t...
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