Middle East Economic Survey


No 45


Dubai Airport Expansion Bond Issue Increased To $1Bn Amid Strong Investor Interest

The $750mn bond offering which will partially pay for the planned $4.1bn expansion of Dubais airport attracted strong investor interest and was increased to $1bn, making it the worlds first billion dollar Islamic issue. The planned $750mn was already to have been the largest ever Islamic bond, surpassing Qatars $700mn global sukuk which was launched last...