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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mubadala unit eyes debt market to fund mega project

Posted on 06 October 2009

From Arabianbusiness.com: Mudabala Real Estate and Hospitality said on Monday it would raise debt through syndicated loans to fund construction of its multi billion dollar Sowwah Island project in Abu Dhabi.MREH, which specialises in large commercial, residential and leisure developments, is a division of Mubadala, the investment company, owned by the Abu Dhabi government.

“We will look at traditional project financing,” said John Thomas, executive director of MREH, while adding that the company would look to fund between 75 percent and 80 percent of construction costs through debt raising……………….Full Article: Source

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