UNB finances Abu Dhabi airport works
Bank to finance PCE Venture for mechanical works for Midfield Terminal
Union National Bank will provide the financing requirements for the PCE joint venture that has been awarded a $239mn (AED878mn) contract for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.
The PCE joint venture incldes BK Gulf’s subsidiary Power Transmission Gulf, China State Construction Engineering Corporation and Arabtec subsidiary, Emirates Falcon Electro Mechanical Co. (EFECO).
The Midfield Terminal is scheduled to open in 2017 and spans a total area of 700,000m2.