Arabtec-Led Team Secures Financing For Abu Dhabi Airport

Law360, New York (August 14, 2012, 6:42 PM EDT) -- A consortium of builders led by Arabtec Construction LLC has secured the necessary financing for the $2.9 billion contract awarded in June for Abu Dhabi Airports Co.'s new airport terminal, according to a statement filed Tuesday with the Dubai Financial Market.

The ADAC chose Turkey-based Tav Construction, Greece-based Consolidated Contractors International Co., and Arabtec — which helped build the world's tallest building, the 250-story Burj Khalifa — for the 75-million-square-foot Midfield Terminal Building, which will accommodate 30 million passengers per year when it opens in 2017....
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