Sunday, March 20, 2011

Arab Bank Group to finance Muscat International Airport project

Arab Bank Group has provided credit facilities totaling $ 410 Million to three contractors to facilitate the execution for the Development of Phase Three of Muscat International Airport in the Sultanate of Oman.

Oman Arab Bank, Europe Arab Bank and Arab Bank plc in Bahrain have collectively provided the facilities which have been awarded to a consortium of three international contracting companies working on the project. The credit facilities provided include advance payment guarantees, performance guarantees, letters of credit as well as overdraft facilities.

The proposed new terminal at Muscat International Airport
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/banking-finance/arab-bank-group-finance-muscat-international-airport-project

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