Press Release

White & Case Advises on a Major Abu Dhabi Real Estate Development Financing

Global law firm White & Case LLP has advised Abu Dhabi Islamic Bank and Abu Dhabi Commercial Bank as the Mandated Lead Arrangers on the UAE Dirhams 600 million (US$165 million) Islamic financing of the final phase of the development of Horizon Towers, a mixed-use development in Abu Dhabi.

The 144-acre residential and retail project in City of Lights, Al Reem Island, is being developed by the Tamouh Investments Group and Al Reem Island and will be home to around 27,000 residents when complete in 2017.

The White & Case team was led by UAE-based partner, Shibeer Ahmed, with support from associates Sara Al Awadhi (UAE) and Saghar Khodabakhsh (UAE and London).

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