Consortium secures USD1.1bn for Abu Dhabi Airport terminal construction

Arabtek, TAV Insaat and Consolidated Contractors secured AED4 billion (USD1.09 billion) in financing for the terminal construction project at Abu Dhabi International Airport (Trade Arabia/Arabian Business, 01-Oct-2012). As previously reported by CAPA, the financing was initially secured in Aug-2012 but details were not announced at the time. The joint mandated lead arrangers for the Islamic syndicated contracting facility were Mashreq, Al Hilal Bank, First Gulf Bank and Union National Bank.