By: Ramy Sameeh
Abu Dhabi-Mubasher: Al Barakah International Investments launched “Al Qana” project in Abu Dhabi, the company’s Managing Director Moataz Mashal said.
The AED 850 million project, which spans over 150,000 square meters, will be a tourist and entertainment destination, he added.
The funding will be done through local banks with 70% debt and 30% equity.
Commercial Bank of Dubai (CBD) will fund the project which is scheduled to be completed in the second quarter of 2018, Mashal noted.
