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Real Madrid Gets Stadium Financing From Abu Dhabi’s IPIC

Real Madrid will get financial backing from Abu Dhabi’s $68 billion International Petroleum Investment Co. to develop its stadium, IPIC Managing Director Khadem al Qubaisi said.

IPIC will provide “commercial means to build the world’s greatest sports facility” and in return the European soccer champion will promote Abu Dhabi globally, Al Qubaisi said at a signing ceremony in Madrid today.