Dubai to raise $800m for projects

Posted by on Apr 8th, 2011 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Dubai’s Department of Finance has developted a plan to raise $800 million. It wants to monetize road toll receipts. The aim is to fund infrastructure projects.
A six-year financing could support the Roads and Transport Authority’s infrastructure projects.
Th main arrangers and book-runners for the financing are: Citibank, Commerical Bank of Dubai, Emirates NBD and Dubai Islamic Bank.


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