Middle East Economic Survey
VOL. XLVIII
No 39
26-September-2005
UAE
Hyundai Receives $325Mn Trade Finance From Arab Bank For Jebel Ali Power Project
Koreans Hyundai Engineering and Construction signed an agreement on 13 September to receive $325mn in trade financing from Arab Bank for its $696mn engineering, procurement and construction (EPC) contract for Dubais Jebel Ali power and desalination station. Arab Bank is the sole mandated arranger and underwriter for the $175mn equivalent performance...
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