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FINANCIAL NEWS
Dubai aims USD2.5bn loan to enlarge metro for expo
22 Sep 2016
(MENAFN) Dubai is aiming USD2.5bn in loans in order to finance a 15-kilometer extension of its above-ground metro line to the World Expo site.
Moreover, funding is predicted to be offered by global banks, while the ECA-backed facility has a maturity of 18 years, while the commercial loans has 10-year tenor.
Dubai Road & Transport Authority awarded USD2.9bn in June metro-rail deal to a consortium including France”s Alstom, Spain”s Acciona and Turkey”s Gulermak Agir Sanayi Ve Taahhut.
The country predicts to double the number of visitors to the emirate to 20mn by the time of the global trade and tourism event, which may spend USD8bn of infrastructure projects.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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