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FINANCIAL NEWS
Dubai issues USD3bn airports financing agreement
15 May 2017
(MENAFN) Dubai proclaimed that it had issued an USD3bn in long-term financing for the expansion of its airports, which is one of three-billion infrastructure projects that the emirate is aiming to fund amid debt.
Furthermore, the funding will be utilized for the expansion and development of Dubai Intl Airport and Al Maktoum Intl Airport.
Additionally, the agreement, involved an USD1.63bn, seven-year conventional loan and an USD1.48bn equivalent, seven-year Ijara facility denominated in dirhams.
Meanwhile, Al Maktoum is aimed to become the major airport for Dubai as well as the home to Emirates Airline starting by 2025.
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