Mostrando entradas con la etiqueta EXPORT IMPORT BANK. Mostrar todas las entradas
Mostrando entradas con la etiqueta EXPORT IMPORT BANK. Mostrar todas las entradas

sábado, 13 de abril de 2013

EX-IM BANK SIGNS $5 BILLION DEAL WITH DUBI ECONOMIC COUNCIL

Photo:  Dubai From Space.  Credit:  NASA.
FROM:  EXPORT IMPORT BANK
Ex-Im Bank and Dubai Economic Council Sign $5 Billion Agreement

Washington, D.C. – Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Hani Rashid Al Hamli, secretary general of the Dubai Economic Council (DEC), inked a $5 billion memorandum of understanding (MOU) Thursday at Ex-Im Bank's 38th Annual Conference here.

"The MOU underscores our continued cooperation with our partners in Dubai and helps ensure that American exporters are not disadvantaged by foreign companies relying upon state-driven capital," said Chairman Hochberg. "The more orders American exporters fill in Dubai, the more American jobs we can support."

According to the agreement, "DEC and Ex-Im Bank anticipate that as much as $5 billion in export-credit support may be approved to finance DEC’s members’ and customers’ procurement of U.S. goods and services for a variety of Dubai infrastructure projects."

Potential areas of cooperation include, but are not limited to, air-traffic control and airport infrastructure; railway, urban-metro, and port-development projects; power generation; oil, gas, and petrochemical projects; and water-treatment projects.

In FY 2012, Ex-Im Bank approved approximately $3.32 billion in U.A.E. authorizations.

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