HSBC appointed as financial adviser on Khalifa Port project

ABU DHABI — Abu Dhabi Ports Company (ADPC) has appointed HSBC to provide financial advisory services to Abu Dhabi's Khalifa Port and Industrial Zone (KPIZ) project.

By A Staff Reporter

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Published: Wed 18 Jul 2007, 9:14 AM

Last updated: Sat 4 Apr 2015, 10:21 PM

HSBC will advise ADPC on the financing options available including debt, equity and mezzanine structures.

Strategically located between the cities of Abu Dhabi and Dubai in Taweelah, KPIZ is a multi-billion dollarproject designed as a multi-purpose facility that involves the construction of a world-scale container and industrial port in addition to the development of over 100 square kilometres of industrial, logistics, commercial, educational, and residential special economic and free zones.

HSBC was awarded the contract following a competitive tender. The bank's international experience and expertise in financing port projects all over the world was a key factor in the decision to award it the financial advisory mandate.

Ahmed Al Calily, CEO and managing director of ADPC said: "Khalifa Port and Industrial Zone is set to be a state-of-the-art facility that will contribute to a new phase of development in both Abu Dhabi and the entire UAE. We are keen on selecting only the best in class and we are delighted to be working with HSBC."

Speaking for HSBC, Youssef Nasr, CEO of HSBC Bank Middle East said: " HSBC is perfectly positioned to play a leading part in the further development of Abu Dhabi."

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