Emirates NBD, one of the leading banking groups in the MENAT region, has successfully concluded AED 3.9 billion in Syndicated Bonding Facilities to support the Dubai Metro Blue Line project. The financing was extended to a consortium of international infrastructure firms — MAPA, LIMAK, and CRRC — selected to deliver the new metro line under a contract awarded by Dubai’s Roads and Transport Authority (RTA).
The Dubai Metro Blue Line project is a central component of the emirate’s long-term infrastructure vision, serving as a key pillar of the Dubai 2040 Urban Master Plan. With an estimated value of AED 20.5 billion, the project aims to expand Dubai’s public transportation ecosystem and enhance intra-city mobility for a growing population.
Designed as a fully electrified railway line, the Blue Line will integrate with the existing Red and Green Metro lines, offering smooth connections to bus and taxi routes. Once operational, it is expected to serve approximately 350,000 daily passengers by 2040.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said, “The Dubai Metro Blue Line Project is a milestone undertaking that will strategically empower the development of the emirate by offering accessible and reliable transportation. This financing further underlines our leadership as a banking partner for Dubai’s transformative infrastructure projects.”
This facility is fully aligned with the Emirates NBD Sustainable Finance Framework and qualifies as a Green Financing initiative under the “Clean Transportation” category. The bank’s involvement not only supports strategic economic objectives but also contributes to Dubai’s sustainability goals.
Murathan Doruk Günal, Vice President & CEO at MAPA, commented, “This project is a core component of the Dubai 2040 Urban Master Plan. Securing the financing from Emirates NBD affirms the trust in our consortium’s capability to deliver complex infrastructure projects at scale.”
Echoing this, Serdar Bacaksız, Board Member at Limak Group of Companies, said, “This partnership highlights Dubai’s commitment to innovation and sustainability. We’re honoured to bring our global engineering expertise to support the Blue Line’s successful execution.”
Slated for completion by September 2029, the Dubai Metro Blue Line will mark a significant leap forward in developing a sustainable and integrated urban mobility system. Emirates NBD’s backing further reinforces its role in enabling future-ready infrastructure solutions across the region.
–Input WAM
