UAE

BNP Paribas Secures Advisory Mandate For $800Mn Emirates Steel Expansion

BNP Paribas Corporate and Investment Banking announced on 17 January that it has been mandated by Emirates Steel Industries to advise on the structuring and debt financing for a $800mn expansion project at the Mussafah Steel Plant in Abu Dhabi. This expansion will help achieve the Abu Dhabi Vision 2030, which is a plan to promote industries like steel in order to diversify the emirate’s economy from an over...