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FinancialNews


  • 19-12-17

    UAE: Omniyat signs with Ajman Bank $136m facility agreement

    (MENAFN) A $136 million facility agreement with Ajman Bank has been signed by Dubai-based developer Omniyat aiming to build an iconic mixed-use project at Dubai Water Canal in Business Bay.

    The known details of the project include that its overall cost is $365 million, its completion planned to take place by 2020, and it is to include a luxury hotel, residences and retail development. However, the official revelation and declaration is scheduled for 2018 first quarter.

    Ajman Bank CEO Mohamed Amiri stated "Omniyat is known by its unique and high-end projects and extensive experience in the sectors of housing, hospitality, business and retail. We at Ajman Bank are pleased to be a part of Omniyat's continuous contribution in the real estate sector of UAE."

    MENAFN1912201700450000ID1096248807

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