Emirates NBD has concluded AED 3.9 billion in syndicated bonding facilities for the Dubai Metro Blue Line, supporting a consortium of MAPA, LIMAK, and CRRC that was awarded the landmark design-and-build contract by Dubai’s Roads and Transport Authority (RTA).
The financing package is part of a seamless and collaborative effort between Emirates NBD and the winning consortium to realise one of Dubai’s most ambitious public infrastructure projects. The AED 20.5 billion Blue Line forms a core pillar of the Dubai 2040 Urban Master Plan, aimed at enhancing urban mobility, reducing congestion, and linking communities through sustainable public transportation.
Supporting a Greener, Connected Future
Slated for completion by September 2029, the Blue Line will offer direct integration with Dubai’s existing Red and Green Metro lines, in addition to bus and taxi networks. Once operational, it is expected to serve over 350,000 daily passengers by 2040.
As an electrified rail system, the Blue Line meets Emirates NBD’s Sustainable Finance Framework criteria, qualifying as a Green Financing initiative under the “Clean Transportation” category.
“The Blue Line is a milestone project that will empower Dubai’s continued development by delivering efficient, accessible mobility for a growing population,” said Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD. “This transaction reinforces our role as the preferred banking partner for transformative infrastructure projects across the UAE.”
Consortium Leaders Voice Commitment
Murathan Doruk Günal, Vice President & CEO of MAPA, commented: “We are honoured to contribute to this vital project under Dubai’s 2040 Master Plan. The successful financial closure with Emirates NBD underscores the confidence in our consortium’s ability to deliver complex and impactful infrastructure.”
Serdar Bacaksız, Board Member of Limak Group, added: “The Blue Line represents Dubai’s visionary approach to urban development. This financing marks a crucial milestone, and we’re proud to bring our global expertise and innovative capabilities to support Dubai’s goal of a sustainable and well-connected city.”
The deal reinforces Emirates NBD’s leadership in sustainable infrastructure financing, as Dubai accelerates towards becoming one of the world’s most liveable, mobile, and resilient cities.
