Complex Made Simple

DFC, $181m ADCB loan

The Al Futtaim Group has arranged an $181m 12-year loan from Abu Dhabi Commercial Bank to part finance the construction of a hospitality and business hub at its flagship project, Dubai Festival City. The deal is to part finance the $356m, 422 room and 80 apartment convention hotel, InterContinental Dubai Festival City, the 318 room Crowne Plaza Dubai Festival City and a 25-storey office tower.