(MENAFN) Abu Dhabi-owned Tourism Development & Investment Co. (TDIC) has raised a USD500 million loan to pay its debt, Arabian Business reported.
The USD500 million loan was obtained from seven banks, bankers with knowledge of the matter said.
TDIC is building the local branches of the Louvre and Guggenheim museums in Abu Dhabi, the Zayed National Museum and a New York University campus.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.