Saturday 15 November 2014

Goldman Leads $1.15bn Project Loans For Dubai Theme Parks - Gulf Business

Goldman Leads $1.15bn Project Loans For Dubai Theme Parks - Gulf Business:



"Goldman Sachs is expected to sign a $1.15 billion project financing loan for Dubai Park and Resorts this week, which will finance the construction of a $2.9 billion amusement park complex in Dubai, banking sources said on Wednesday.



The loan has been underwritten by Goldman Sachs, which led and structured the deal, Abu Dhabi Commercial Bank, Commercial Bank International, Emirates National Bank of Dubai, and Noorbank, the sources said.



Dubai Park and Resorts is part of property developer Meraas Holding, which is owned by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum."



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