ACCIONA secures US $317mn in sustainable financing for projects in the GCC ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
ACCIONA secures US $317mn in sustainable financing for projects in the GCC
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 130
ACCIONA has secured new sustainable financing worth US $317mn to fund key projects aimed at reducing carbon emissions and fostering sustainable growth in the Gulf Cooperation Council area (GCC). The sustainable financing is structured as a green loan with local impact, aligned with ACCIONA’s Sustainable Impact Financing Framework. The margin of the financing is linked to a local impact initiative which aims to boost sustainable construction by supporting local suppliers to develop and produce lower or zero-carbon building materials, such as cement, steel and concrete, the firm said in a statement. The financing underscores ACCIONA’s commitment to promoting environmentally responsible inves

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