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Abu Dhabi airport contractors near $1.1 bln sharia-compliant finance deal

Posted on 09 August 2012

The consortium building Abu Dhabi’s new airport terminal is close to securing a 4-billion dirhams ($1.1 billion) financing deal, which will be mainly sharia-compliant, banking sources said on Wednesday.
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 Co. 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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