As at November 29, National Bank of Abu Dhabi (NBAD) had $345 million exposure to the Dubai World Group, according to a company statement.
The exposure comprises the following:
• $114 million nominal invested in the Nakheel De
Palm District Cooling (PDC), a subsidiary of Palm Utilities, a part of the Dubai World Group, was recently named recipient of gold and silver awards at the International District Energy Association’s (Idea) District Energy Space Awards 2009.
Dubai Maritime City (DMC), the world’s first purpose-built maritime centre, has finalised a strategic development plan for the city's integrated utilities area.
The excavation and piping works for core infrastructure facilities a
Dubai Maritime City (DMC), the world's first purpose-built maritime centre and member of the Dubai World Group of companies, has commenced work on the third and final phase of the project.
The new phase, which includes infrastructure devel