3 Banks to Finance Burj Dubai Tower

Author: 
Deutsche Presse-Agentur
Publication Date: 
Mon, 2005-04-18 03:00

DUBAI, 18 April 2005 — A syndicate of three United Arab Emirates (UAE) banks signed an agreement yesterday to provide the required finance for the construction of the Burj Dubai Tower, valued at $869 million and soon to become the world’s tallest building. Mashreqbank, Emirates Bank International and Abu Dhabi Commercial Bank signed the agreement with the Korean contractor Samsung Corporation and its project partners Belhasa Six Construct LLC and the local company Arabtec Construction LLC.

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