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Abu Dhabi: Capital airport $1.1bln deal ‘close’ : Financing to be 80pct Shariah-compliant

Posted on 10 August 2012

The consortium building Abu Dhabi’s new airport terminal is close to securing a Dh4-billion ($1.1 billion) financing deal, which will be mainly Shariah-compliant, banking sources said.
A deal would mark the second major regional project finance venture to rely on Islamic financing facilities this month. Turkey’s TAV Insaat, Dubai’s Arabtec Holding and Athens-based Consolidated Contractors were awarded a $2.9-billion contract in June to build a mid-field terminal in the emirate………………………………………..Full Article: Source

 
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