The complex aligns with Emirates NBD’s Sustainable Finance Framework
Emirates has announced the successful completion of a new Green Term Loan Facility with Galadari Sports, part of Galadari Brothers, a leading Dubai-based conglomerate, to fund the construction of a new sports complex in the emirate.
The state-of-the-art facility will be built to the strict rules and parameters of Dubai Municipality’s Sa’fat Gold certification for green buildings, while funding for the project aligns with Emirates NBD’s Sustainable Finance Framework.
Located in Al Quoz neighborhood, the complex is among only a few privately funded developments that are targeting Sa’fat Gold certification.
As a key part of securing funding through Emirates NBD’s Sustainable Finance Framework and official Loan Market Association (LMA) Green Loan Principles, construction of the new complex will adhere to stringent protocols governing building processes and materials, while regular environmental monitoring and annual impact reports will assess its ongoing compliance.
Transformation
Emirates NBD is committed to enabling the UAE’s transformation into a green, low-carbon economy through initiatives such as its Sustainable Finance Framework.
“Projects such as the Galadari Sports complex are at the forefront of a new wave of sustainable urban growth and aligned with Emirates NBD’s Sustainable Finance Framework, providing essential services to communities,” stated Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD.
“Our partnership with Emirates NBD marks a significant milestone for Galadari Brothers and reinforces our belief in the power of responsible, future-focused development,” commented Mohammed Galadari, Co-Chairman and Group CEO, Galadari Brothers.
