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FINANCIAL NEWS
Emaar Economic City signs USD533 loan
25 Sep 2014
(MENAFN) Saudi Arabia’s Emaar Economic City announced it has secured a USD533 million Islamic loan to be used in building a residential and infrastructure projects in King Abdullah Economic City.
Emaar Economic City, a consortium headed by Dubai’s Emaar Properties and Saudi investors, has set its focus on building in the King Abdullah Economic City, which is set to become a special economic zone in Saudi Arabia.
The King Abdullah Economic City will host as many as 2 million people and is expected to be in the size of Washington DC when completed, with a set goal of helping in diversifying the Kingdom’s economy beyond oil into other sectors such as light shipping and industry.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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