Al Maryah Island shopping centre AED2.5 billion financing

Overview:

• Abu Dhabi Commercial Bank has provided AED2.5 billion of financing for the development of the shopping centre on Al Maryah Island in Abu Dhabi.
• The 2.8 million square foot development will house 500 stores, 100 restaurants and a 21-screen cinema.
• Brookfield Multiplaex has won the contract for the development.
• The deal was the first to be completed in the Abu Dhabi Global Market (ADGM) financial centre.

Sam Duke - Editor