TECOM seeks AED1 billion loans for building projects
TECOM Group, a business park operator with a major role in developing Dubai's economy, is in the market for a syndicated loan of up to AED1 billion (USD272 million). The company is looking for funding with a 10 year lifespan to finance building projects in its business parks. TECOM is a unit of sovereign investment vehicle Dubai Holding. TECOM operates 10 business communities, where around 4,650 businesses employ a total workforce of 74,000. (Reuters)
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