UAE's Al Hamra gets USD230m to finance its debts


(MENAFN) Al Hamra Real Estate Development, based in the emirate of Ras Al Khaimah, could obtain USD230 million financing facility from international and local banks led, according to Gulf Daily New



Through the seven-year facility, the company will refinance an existing debt and finance planned new real estate projects. It did not reveal the terms of the facilit



Long a relative backwater in the economy of the seven-member UAE, northern emirates such as Ras Al Khaimah are now growing rapidly as wealth spreads from Abu Dhabi and Dubai


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