{"id":90832,"date":"2024-04-05T00:00:00","date_gmt":"2024-04-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/"},"modified":"2024-04-05T00:00:00","modified_gmt":"2024-04-05T00:00:00","slug":"investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/","title":{"rendered":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport"},"content":{"rendered":"

ADX-listed<\/strong>global investment manager Investcorp Capital will invest USD 4.2 bn in <\/strong>the redevelopment of New York\u2019s JFK Airport Terminal 6<\/strong>, it said in an ADX filing (pdf)<\/a> yesterday. Investcorp\u2019s joint venture with New York-based investment firm Corsair Capital, Investcorp Corsair Infrastructure Partners, will fund the project, while its airports platform, Vantage Airport Group, will be responsible for developing, operating, and managing the new terminal.<\/p>\n

The overhaul will replace JFK\u2019s Terminal 7<\/strong>, introducing a 1.2 mn sqft terminal with 10 gates, waiting areas and 100k sqft worth of amenities. The first phase of construction is currently ongoing and is expected to be completed in 2025, followed by the second phase in late 2027. <\/p>\n

This marks Investcorp Capital\u2019s first<\/strong> investment in infrastructure: <\/strong>\u201cWe had recently announced that Investcorp Capital had strategically incorporated infrastructure into its portfolio of asset classes, expanding its potential for growth and diversification,\u201d Investcorp Vice Chairman Hazem Ben-Gacem said, adding that this marks its first investment into the asset class.<\/p>\n

Background:<\/strong> Investcorp acquired a 50% stake in Corsair's USD 4.8 bn infrastructure business back in December, forming Investcorp Corsair Infrastructure Partners and marking Investcorp\u2019s inaugural entry into infrastructure investment, according to a press release<\/a> at the time. <\/p>\n","protected":false},"excerpt":{"rendered":"

The investment was made through Investcorp\u2019s partnership with Corsair Capital<\/p>\n","protected":false},"author":1,"featured_media":90833,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[7,335,1342,25],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-investcorp","tag-investment","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"c8e63b00-7a08-4a6d-8c54-8d57f26781c0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/444.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport","related_issue":[90823],"teaser":"The investment was made through Investcorp\u2019s partnership with Corsair Capital","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.b8c3e4c6-7a38-4ad7-a2e9-efb4de81da45.mp3"},"yoast_head":"\nInvestcorp to pour USD 4.2 bn in the redevelopment of JFK Airport - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport\" \/>\n<meta property=\"og:description\" content=\"The investment was made through Investcorp\u2019s partnership with Corsair Capital\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport\",\"datePublished\":\"2024-04-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"Investcorp\",\"investment\",\"INVESTMENT WATCH\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\",\"name\":\"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-05T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/","og_locale":"en_US","og_type":"article","og_title":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport","og_description":"The investment was made through Investcorp\u2019s partnership with Corsair Capital","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/","og_site_name":"UAE","article_published_time":"2024-04-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport","datePublished":"2024-04-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/"},"wordCount":207,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM UAE","Investcorp","investment","INVESTMENT WATCH"],"articleSection":["INVESTMENT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/","name":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1","datePublished":"2024-04-05T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/05\/investcorp-to-pour-usd-4-2-bn-in-the-redevelopment-of-jfk-airport\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/444.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=90832"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90832\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/90833"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=90832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=90832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=90832"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=90832"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}