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FinancialNews
22-02-18
Kuwait awards Turkish Limak USD831m loan for airport terminal construction
(MENAFN) An USD831.3 million syndicated loan facility has been signed by both National Bank of Kuwait and Kuwait Finance House for Turkish Limak.
The loan has been awarded for the Turkish business group for a new terminal construction at Kuwait airport.
The new terminal, planned to be built at the Kuwait International Airport, is to be constructed by Turkish Limak Construction along with its partner Kharafi National.
The construction project is estimated to consume a worth of USD4.34 million, as it expects to triple the airport's capacity to 25 million passengers per year.
MENAFN2202201800450000ID1096496219
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