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Abu Dhabi Islamic Bank provides finance to Hyundai for awarded project ‘Borouge 3′

Posted on 25 October 2010

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, today announced that it has provided the financing facilities to Hyundai Engineering and Construction Co., Ltd. (HDEC) for the newly awarded project Borouge 3 expansion project with a project value Dhs3.41bn ($935m) for the construction of utilities and off-site facilities for the project in Ruwais Industrial Complex, Abu Dhabi, UAE.
The expansion will more than double Borouge’s production capacity to over 4.5 million tones per year by 2013, making it the largest integrated polyolefin site in the world……………………………………….Full Press Release: Source

 
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