Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.
Shaun O'Connor said the developer had been in talks with Gulf region investors on the sales and was considering whether "to pay off or to extend" the bonds.
"We have assets on the market today to sell ... into private hands and spur investment in Abu Dhabi," he said in an interview at TDIC's headquarters on the outskirts of Abu Dhabi.
No comments:
Post a Comment