Dubai-based logistics operator Aramex has replaced its existing US dollar- and pound-denominated loans with a single dirham-denominated facility of AED 815 million ($222 million)
The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.
The agreement covers the construction and operation of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.
