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TDIC to raise $1bln with bonds

Posted on 15 April 2011

The Abu Dhabi Tourism Development and Investment Company (TDIC) is planning to raise another US$1 billion (Dh3.67bn) under an existing bond programme in the next year as it increases construction activity on Saadiyat Island.
The money is expected to be used to fund TDIC projects, which include additions to its destination hotels such as the Qasr al Sarab in the Empty Quarter………………………………………Full Article: Source

 
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