ABU DHABI PORTS COMPANY (ADPC) ANNOUNCED TODAY THAT IT HAS APPOINTED HSBC BANK TO PROVIDE FINANCIAL ADVISORY SERVICES TO ABU DHABI’S KHALIFA PORT AND INDUSTRIAL ZONE (KPIZ) PROJECT. 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 dollar project 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 kilometers 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.
Mr. 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 very keen on selecting only the best in class and we are delighted to be working with HSBC on one of Abu Dhabi’s largest and most important projects.”
Speaking for HSBC, Mr. Youssef Nasr, CEO of HSBC Bank Middle East said:
“With a heritage of 60 years in the UAE, and an unrivalled global presence in fast-growing emerging markets, HSBC is perfectly positioned to play a leading part in the further development of Abu Dhabi. We are grateful to ADPC for giving us this opportunity.”