The European Bank for Reconstruction and Development (EBRD) says it is strengthening Jordan’s position as a regional digital hub with a US$14.1 million loan to digital ecosystem Aqaba Digital Hub (ADH) in Aqaba, a coastal city located on the Red Sea.
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…
