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Standard Chartered finances ENSHAA's D1 Tower.

Standard Chartered Bank and ENSH have signed a finance facility agreement of AED 255 million for the D1 Tower.

Fergal G. Harris, Regional Head, Commercial Real Estate, Standard Chartered Bank said, "As Dubai's housing market continues to recover on the back of improving economic conditions, D1 project represents a best in class asset. Standard Chartered is pleased to support ENSH's premium luxury tower as we continue to extend financial support to our clients from the various sectors in the UAE and the region. This again demonstrates Standard Chartered's continuing commitment to our clients in the UAE and the region".

Raza Jafar, CEO of ENSH said, "ENSH is pleased by the confidence that banks such as Standard Chartered Bank have shown in our projects. We are looking forward to a long and prosperous relationship with Standard Chartered Bank."

The project is planned to be complete in the second half of 2014.

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Publication:CPI Financial
Geographic Code:7UNIT
Date:Sep 16, 2013
Words:164
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