Dubai construction firm UNEC plans to raise 1 billion dirham loan-sources:
"Dubai-based United Engineering Construction (UNEC) plans to raise around 1 billion dirhams ($272 million) in debt to finance its building work on a major shopping mall project, banking sources familiar with the matter said. The company is building the Deira Mall in Dubai for United Arab Emirates property developer Nakheel, a project which is to involve total investment of 6.1 billion dirhams. UNEC is raising the money through a loan arranged by Emirates NBD, said the sources, who spoke on condition of anonymity because the information is private."
'via Blog this'
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