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+--- Thread: INVESTMENT CORPORATION OF DUBAI EXPANDING (/thread-148.html)
INVESTMENT CORPORATION OF DUBAI EXPANDING - TEAM HARLFORUM - 02-29-2016
State-owned Investment Corporation of Dubai (ICD) is talking to banks to raise loans to build two major projects in the emirate,Bloomberg has reported
the newswire, which cited three people with knowledge of the plan, said that ICD is seeking a US $700 million (AED2,571 million), 10-year loan to fund the construction of a second Atlantis resort on the Palm Jumeirah.
Announced at the beginning of February, the Royal Atlantis Resort and Residences is expected to take two years to complete. Master developer Nakheel has already signed building contracts with Ssanyong Engineering & Construction, China State Construction Engineering Corporation and Six Construct.