Middle East Economic Survey
VOL. XLVII
No 22
31-May-2004
UAE
REGIONAL BANKING
Mashreqbank To Finance $192Mn Construction Contract For Bahrain Financial Harbor
Mashreqbank has signed an agreement with Sharjah-based al-Hamad Contracting Company to fully finance its Dh705mn ($192mn) contract for the Bahrain Financial Harbor (BFH). MEES understands that the UAEs Mashreqbank will bear the full risk of the financing, as it also recently proposed for the Dh1.6bn ($436mn) financing of Arabtec Constructions...
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