"Emirates NBD": Completion of bond facilities at 3.9 billion dirhams for the alliance of companies executing the Blue Line of the Dubai Metro

Dubai, July 15 / WAM / Emirates NBD announced the completion of the facilities of joint financing bonds worth 3.9 billion dirhams for the coalition of “Mapa”, “Limac” and “CRC” implementation of the new Blue Line project for the Dubai Metro, according to a press release issued today.

The Roads and Transport Authority had established the contract for the Dubai Metro Blue Project on the coalition of “Mapa” companies, “Limac” and “CRC”, and accordingly, Emirates NBD cooperated with the alliance in a comprehensive and cooperative manner.

The cost of the Blue Dubai metro project is about 20.5 billion dirhams, and is an essential component in the Dubai Urban Plan 2040 to create, develop and expand a global -level network of public transport services and transportation solutions that link societies to major sites, reduce traffic congestion, and manage to facilitate the movement of individuals throughout the emirate.

The Blue Dubai Metro Line project is scheduled to be completed in September 2029, and will provide a smooth link with the operation of the current and green metro line, in addition to bus lines and taxis.

The project, announced by the Roads and Communications Authority, will serve about 350,000 passengers per day in 2040, and as an advanced electric rail network, the Blue Dubai metro project project is in line with the sustainable funding framework for Emirates NBD, which qualifies it for green financing within the category of “fair transport”.

Ahmed Al -Qasim, head of the business services of the group at Emirates NBD, said: The Dubai Metr Blue Project is a prominent achievement that will contribute strategically and important to enhancing the development process in the emirate by providing new and effective solutions for public transport and collective movement that keeps pace with the population increase, and this major deal establishes the position of Emirates NBD as a favorite banking partner for various huge projects that create a qualitative shift in Dubai scene, its global capabilities and attractiveness.

For his part, Marthan Durok Gonal, Vice President and CEO of “Mapa”, said: The success of the process of completing the financing with Emirates NBD is an important achievement, and reflects the confidence granted in the ability of our alliance to implement high -impact projects.

Sardar Bacaxz, a member of the Board of Directors of the Limac Group of Companies, said: The new Blue Blue Line project embodies the Dubai Chamber’s Chamber’s Chamber of Urban Development, and the financing agreement with Emirates NBD is an important achievement, allowing us to employ our global expertise, our innovative solutions, and contribute to achieving Dubai’s ambition to build a sustainable and digital city smoothly.

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