Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dh3b loans approved for realty sector  Join our daily free Newsletter

MENAFN - Khaleej Times - 25/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Khaleej Times) The Abu Dhabi Department of Finance's Commercial Buildings Finance Committee has approved 245 loans for funding commercial buildings allocated for citizens at a total cost of more than Dh3 billion.

The committee took the resolution in line with instructions given by the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan and follow up of General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of Abu Dhabi Executive Council, to secure real estate finance to citizens who own commercial and investment lands and wish to build them but faced difficulties to get adequate finance.

Of the total 245 finance facilities, 133 were allocated for demolishing and rebuilding residential investment towers and villas, 103 for building new buildings and nine for building annexes to buildings.

Hamad Al Hur Al Suwaidi, Chairman of the Finance Department, said finance plays a vital role in economic life for having positive impact on other sectors.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help