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ETA Star signs loan agreement with ADCB

Property developer ETA Star has signed a loan agreement with Abu Dhabi Commercial Bank (ADCB) for the construction of its Taj Exotica Resort & Spa.

Under the agreement, ADCB will provide ETA Star with US $74 million (AED 275 million) for the construction of the resort complex on the crescent of the Palm Jumeirah.
ETA Star is constructing the Taj Exotica Resort & Spa in partnership with the Taj Group of Hotels.

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