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FINANCIAL NEWS
Kuwaiti-backed firm to sign USD3.2b finance
28 May 2015
(MENAFN) London Resort Company Holdings (LRCH), a Kuwaiti firm based in the United Kingdom, is ready to sign a USD3.6 billion financing deal to construct a theme park in Kent, Arabian Business reported.
The new park, located in Southern parts of England, is scheduled for official inauguration by the end of the five upcoming years and is set to be branded by Paramount. LRCH chose Kleinwort Benson Bank to finance the project.
“We are not putting in the entire capital. We are funding the entire project until 2017 and we have already funded it for the last two years and will continue to do so until the planning is achieved.” An official statement said.
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