Emirates NBD, a prominent banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has finalized a Green Term Loan Facility with Galadari Sports. This collaboration aims to finance the construction of a new sports complex in Dubai’s Al Quoz neighborhood. The facility will adhere to Dubai Municipality’s Sa’fat Gold certification for green buildings and align with Emirates NBD’s Sustainable Finance Framework.
The project supports the UAE’s Net Zero 2050 agenda by encouraging financial institutions and private companies to develop energy-efficient infrastructure. Once completed, the complex will feature various amenities such as swimming pools, gyms, squash and padel courts, powered by sustainable systems like solar panels and water recycling.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, stated: “This transaction between Emirates NBD and Galadari Sports is a clear and inspiring example of how sustainability-linked funding options continue to be a driving force in helping the UAE reach its Net Zero 2050 ambitions.”
Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers, commented: “This state-of-the-art project reflects our continued commitment to advancing sustainable development in the UAE.”
The development represents one of the few privately funded projects targeting Sa’fat Gold certification. It marks an important milestone for both Emirates NBD and Galadari Brothers in promoting sustainable urban growth through innovative green buildings.
