$299m for Khalifa Port costs
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$299m for Khalifa Port costs

$299m for Khalifa Port costs

The Abu Dhabi Ports Company (ADPC) and the National Bank of Abu Dhabi (NBAD) have signed a $299m financing agreement to meet the initial construction costs of the Khalifa Port. The transaction will be a revolving credit facility for a period of one year. The ADPC, the master developer of the multi-billion dollar Khalifa Port and Industrial Zone, is in the process of structuring long term project finance facilities.

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