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Standard Chartered finances Enshaa’s premium luxury project D1 Tower

United Arab Emirates: Monday, September 16 - 2013 @ 00:00

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 Enshaa’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 Enshaa, said, “Enshaa 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.

Enshaa continues its commitment to the delivery of its projects including the D1 Tower. The company has built a reputation for developing quality projects such as Palazzo Versace Dubai and Emirates Financial Towers. In another first for Dubai, the Guinness Book of World Records has recorded the construction of the world’s largest automated car parking facility at Enshaa’s Emirates Financial Towers in Dubai International Financial Centre, Dubai.

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Monday, September 16- 2013 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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