Emirates NBD, a leading Dubai-based bank, has concluded financing an amount of USD 354 mn for United Engineering Construction Company (UNEC) to be used in construction work on Nakheel’s Deira Mall project, Invest-Gate reports. 

The Deira Mall, with four mn square feet of leasable area, will be located at the heart of Nakheel’s Deira Islands, a new 15.3-square-kilometer waterfront city.

The mall destination will have over 1,000 shops, cafes, restaurants, and entertainment outlets across three floors and a multi-story car-park with 8,400 spaces.

Emirates NBD operated as agent bank and security agent in the financing arrangement, as well as, mandated lead arranger with the Commercial Bank of Dubai and Arab Bank, Trade Arabia News Service reported.