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Emirates Bank $81.6m deal
- United Arab Emirates: Monday, October 08 - 2007 at 06:34
The Emirates Bank has agreed an $81.6m credit facility with Nael Bin Harmal Investment, part of Al Ain's Nael and Bin Harmal Group. The funds will help finance the construction of a livestock market, the Bawadi Mall and a hotel in Al Ain, which will cost more than $170m in total. The market should be operational by the end of the year, with the 1.2m sqft mall ready in late 2008.
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Jonathan Sheikh-Miller, Deputy EditorMonday, October 08 - 2007 at 06:34 UAE local time (GMT+4)
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