TUESDAY 8 MAY

Mobilising Infrastructure Investment in a Fractured Context
Event co-organized by EBRD, the Jordanian Ministry of Planning and International Cooperation and the WEF

Al-Harannah 5,
Level 1

Substantial progress has been made in structuring and implementing infrastructure projects in the Southern and Eastern Mediterranean region, contributing to significant social, environmental and economic development. However, traditional support through national budgets and donor funding cannot meet ongoing needs for building and maintaining infrastructure; and access to new sources of private capital remains a challenge. The real and perceived risks for private investors (e.g. currency volatility, illiquid local capital markets, political uncertainty) have resulted in many projects remaining unfunded or delayed due to a lack of competitive financing options.  The scale of investment to meet existing and future growth demands of the region requires targeted infrastructure investment and therefore new sources of capital - whether from the private sector or from the combination of public and private as Jordan’s Queen Alia International Airport successful PPP case demonstrates.

In this context, innovative approaches to increase private financing and government initiatives such as dedicated PPP units, project prioritization and acceleration programmes can help to address some of the country risks and increase access to capital for priority infrastructure projects.  Despite the humongous task of rebuilding, new opportunities in infrastructure investment are emerging for the private sector.  In this event, participants will focus on the role of public-private structuring of investments and related initiatives that offer the potential to mobilize international capital markets and regional institutional investors to finance infrastructure.

For more information, please contact:

Timea Nagy: NagyT@ebrd.com

 

 

Moderator

Alex Wong

Head, Global Challenge Partnerships, World Economic Forum

Keynote

Suma Chakrabarti

President, EBRD

Imad Fakhoury

Minister of Planning, International Cooperation and Tourism, Ministry of Planning & International Cooperation

Speakers

Sue Barrett

Head of Transport, EBRD

Malik Faraoun

Deputy Head for the Middle East and North Africa, World Economic Forum

Omri Gainsburg

Senior Investment Director, Meridiam

Wadie Kawar

Acting Area Manager, Consolidated Contractors Company

Sue Barrett

Head of Transport, EBRD

Sue Barrett joined the EBRD in 1992 and is Director, Head of Transport. She finances transport projects across the Bank's region, providing flexible solutions from sovereign to corporate debt, project finance, bond subscription, mezzanine and equity. EBRD has financed 310 transport projects, providing €15bn for projects with a total value of €60bn. New transport business adds €1.3bn annually and up to 30 deals, each promoting sector reform and supported by technical assistance from our shareholders and donors, averaging €8m annually. Grant funding is also mobilised for investments in best available technologies and climate adaption. Prior to EBRD, Sue worked for Price Waterhouse as a Senior Manager, advising on privatisation and regulation. She has a Masters in Economics from the London School of Economics.

Suma Chakrabarti

President, EBRD

Sir Suma Chakrabarti is the sixth President of the EBRD. He has held the position since 2012.
Suma has spent a great deal of his professional career working in the British civil service, international development economics and policy-making, as well as in designing and implementing wider public service reform.
Prior to joining the EBRD, he was Permanent Secretary at the British Ministry of Justice and, earlier, headed the UK’s Department for International Development. He also worked in the UK Treasury and in the Cabinet Office.
After studying politics, philosophy and economics at the University of Oxford, Suma took a Masters in development economics at the University of Sussex.  He holds honorary doctorates from the Universities of Sussex and East Anglia, as well as Bucharest’s University of Economic Studies.

Imad Fakhoury

Minister of Planning, International Cooperation and Tourism, Ministry of Planning & International Cooperation

Malik Faraoun

Deputy Head for the Middle East and North Africa, World Economic Forum

Malik Faraoun leads the development of strategic initiatives with businesses and governments revolving around infrastructure, policy reforms and employment. Prior the WEF, Malik was a Principal Investment Officer in Infrastructure Finance within the African Development Bank. Malik has developed an extensive experience in originating and executing infrastructure projects and PPP. Since joining the AfDB, Malik has closed over USD 1.5 billion financing using multiple financing instruments which has facilitated around USD 13 billion of project total costs. Mr Faraoun was then selected to be a founding member of Africa50. Before joining AfDB, Mr. Faraoun had worked for the International Finance Corporation and prior to that, he had worked in private banking and consulting services.  Malik Faraoun is a World Economic Forum's Global Leadership Fellow, holds an MBA from EDHEC (France) and a Bachelor of Business Administration from Ecole Supérieure de Commerce (Algeria).

Omri Gainsburg

Senior Investment Director, Meridiam

Omri Gainsburg is Vice Chairman of AIG’s Board of Directors, and Director for Turkey and Eurasia and Senior Investment Director at Meridiam, where he oversees the firm’s development, investment and asset-management activities in the region as well as its office in Istanbul.
Gainsburg has overseen Meridiam’s growth in Turkey and spearheaded the company’s expansion into new geographies and initiatives, such as green bond financing for emerging market infrastructure. He has been active in Meridian’s milestone projects, including its first investments in Spain (A66 highway), Chile (Félix Bulnes Hospital), Turkey (Adana Hospital PPP) and Jordan (Queen Alia International Airport). Before joining the firm in 2010, Omri worked for Lazard’s restructuring practice.
He holds a BSc and BBA from the University of Texas, Austin.

 

Wadie Kawar

Acting Area Manager, Consolidated Contractors Company

Alex Wong

Head, Global Challenge Partnerships, World Economic Forum

Alex is a member of the senior leadership, an international organization for public private cooperation with a mission to improve the state of the world. Since joining the World Economic Forum in 2000, Alex’s responsibilities have included: co-leading the development and implementation of the Forum's industry strategies as head of the Center for Global Industries in the World Economic Forum's Geneva headquarters; leading the Forum’s activities in the Basics & Infrastructure industries from 2006-2015 and IT & Telecoms, Media & Entertainment industries from 2000-2006; leading the Future of the Digital Economy & Society initiative; leading many Forum’s large multistakeholder global initiatives including the Partnership Against Corruption Initiative