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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
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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