Emirates Financial Towers sign financing agreement with Emirates Bank

The signing ceremony was attended by Dr. Hani Abu Auida, Chief Executive Officer of EFT who signed the agreement with Mr. Majid Al Yousuf, Head of Corporate Banking at Emirates Bank.

The Emirates Financial Towers is a twin tower development consisting of 26 floors of Grade-A office space, retail offices, and residential units, with building costs reaching around Dhs600m.

This move comes in line with the EFT's enthusiasm to provide the most appropriate means to guarantee the uninterrupted progress in the construction of the widely anticipated project, in order to meet its deadline. For this end, EFT has signed a series of agreements for the main contracting, equipment, maintenance, the providing of mortgage services to clients, and project management.

Commenting on the new pact, Dr. Hani Abu Auida, Chief Executive Officer of EFT said: "Our strategic quality partnership with Emirates Bank will pave the way for long term relations as well as helping to implement our mutual vision in the development of these innovative and spectacular towers. We had chosen Emirates bank due to their outstanding banking and financial services they offer.

"Emirates Bank's involvement is evidence of the absolute confidence major financial institutions have in our leading project" he added.

Mr. Majid Al Yousuf, Head of Corporate Banking at Emirates Bank, said: "We are confident that the facilities provided by Emirates Bank will bear good fruit as we will, God Willing, enjoy the visual magic of these two eye catching towers situated in a prime location within Dubai's future financial center".