Abu Dhabi’s NIC secures Dhs950m loan to finance Fairmont complex

April 23, 2014 1:14 pm

Abu Dhabi’s National Investment Corp (NIC) has secured a Dhs950m loan from Abu Dhabi Commercial Bank (ADCB) to finance a new Fairmont Hotel complex in the UAE capital city, Gulf News has reported. To be managed by Canada’s Fairmont Hotels and Resorts, the new property will encompass a 45-floor twin-tower structure that will accommodate a five-star hotel and residential apartments located on the Abu Dhabi breakwater, close to Marina Mall.