EEC reschedules King Abdullah Economic City loan facility

Master developer Emaar, The Economic City (EEC) has said it has reached an agreement with leading Saudi Bank SABB to reschedule its...

Consultant

SRC plans to issue $1bn in sukuk by end of 2021

Saudi Real Estate Refinance Company (SRC) plans to issue up to $1 billion in sukuk (Islamic bonds) by the year-end, it has...

Infrastructure

ADFD inks deal to provide $50mn financing for Maldives infrastructure projects

The Abu Dhabi Fund for Development (ADFD) has inked a deal with the government of Maldives to provide $50m financing for infrastructure...

Consultant

World first: Abu Dhabi’s desal project obtains first ever ‘sustainable loan’ qualification

ACWA Power has announced that the Taweelah IWP has obtained the first-ever ‘sustainable loan’ qualification for a water desalination project globally. The...

Construction

Masdar inks deal to develop 200MW solar project in Azerbaijan

Masdar has inked a deal with Azerbaijan’s Ministry of Energy to design, finance, build and operate a 200MW utility-scale solar photovoltaic (PV)...

Construction

Burj Kadi secures funding from AIB-Bahrain

Al Baraka Islamic Bank (AIB-Bahrain) has signed a property financing agreement with the Kadi Group, which will see the bank provide property...

Construction

EWEC requests EOIs for 2,000MW power project

Emirates Water and Electricity Company (EWEC) has requested expressions of interest (EOIs) for the development, finance, operation and construction of a new...