Copying and distributing are prohibited without permission of the publisher
EMAL – ECA-backed project financing
02 March 2011
ECAs prove flexible for strong sponsors
Within this deal, ECA facilities came in very late in the day for this project as the original financing was negotiated in 2007. There were existing commercial and bridge facilities and shareholder loans and the first aluminium production had already started.
Emirates Aluminium (EMAL) is of an extremely high profile project in the UAE and is one of the cornerstones of Abu Dhabi’s industrialisation policy as set out in the Abu Dhabi Economic Vision 2030. The project is a joint venture between sponsors Dubai Aluminum (DUBAL) and Mubadala Development Company with EPC contractors SNC-Lavalin Group and Worley Parsons. The project is for the...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
