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Dubai Hires HSBC for $3 Billion Financing for Airport Expansions

Dubai hired HSBC Holdings Plc to help raise $3 billion to finance the expansion of its airports.

Dubai International Airport and Al Maktoum International Airport will grow to serve 146 million passengers by 2025, according to a statement on the website of the Dubai Media Office. The Dubai Department of Finance, the Investment Corp. of Dubai and Dubai Aviation City Corp. are working to raise Islamic and conventional financing.