Emirates NBD has approved a significant funding package for Dubai's Metro Blue Line, a key part of the Dubai 2040 Urban Master Plan. This project aims to enhance transportation across the emirate with new infrastructure, and the line will serve 350,000 daily passengers by 2040. Completion is expected by 2029, connecting with existing metro lines and benefiting millions of residents.

Emirates NBD has successfully secured AED3.9bn ($1.06bn) in syndicated bonding facilities for the consortium tasked with delivering Dubai’s Metro Blue Line Project. This move solidifies Emirates NBD's standing as a premier banking partner for major infrastructure initiatives across the UAE.

The consortium, made up of MAPA, LIMAK, and CRRC, won the contract awarded by Dubai’s Road and Transport Authority (RTA) to design and construct the Blue Line, a crucial component of the Dubai 2040 Urban Master Plan.

Dubai Metro Blue Line finance

Valued at AED20.5bn ($5.58bn), the project aims to transform transportation across the emirate.

Set to be completed by September 2029, the Dubai Metro Blue Line will integrate with the city's existing Red and Green Lines, connecting with wider transport systems including buses and taxis.

Once operational, the electrified metro line is expected to accommodate 350,000 passengers daily by 2040, alleviating traffic and enhancing convenience for commuters citywide.

In alignment with Emirates NBD's Sustainable Finance Framework, the funding is classified as Green Financing in the "Clean Transportation" category, supporting Dubai’s dedication to sustainable infrastructure and urban development.

Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, stated: “The Dubai Metro ‘Blue Line’ Project is a milestone endeavor that will strategically empower the ongoing development of the emirate, providing the rising population with new, efficient, and reliable public transportation solutions.”

He further noted that the transaction strengthens Emirates NBD's role as the preferred banking partner for mega projects that are redefining Dubai’s landscape.

Murathan Doruk Günal, Vice President and CEO at MAPA, expressed pride in being part of this landmark project, which is integral to the Dubai 2040 Urban Master Plan initiated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum.

Emirates NBD has concluded AED 3.9 billion syndicated bonding facilities to a consortium created by MAPA, LIMAK, and CRRC for the new Metro ‘Blue Line’ Project.

Serdar Bacaksız, Board Member at Limak Group of Companies, commented that the Metro Blue Line Project underscores Dubai’s progressive approach to urban development, emphasizing Limak's honor in participating in this transformative journey.

The Metro Blue Line is anticipated to significantly enhance Dubai’s public transport infrastructure, supporting the city's vision of a smart, integrated, and sustainable future.

Stations on the Dubai Metro Blue Line will cover areas including:

  • Dubai Creek Harbour
  • Ras Al Khor Industrial Area
  • Dubai International City 1
  • Dubai International City 2 and 3
  • Dubai Silicon Oasis
  • Dubai International Academic City
  • Mirdif City Centre
  • Al Warqa’a

The new line is projected to serve over one million residents within its reach, benefiting over 50,000 students as well.

When operational, the Blue Line is expected to reduce traffic on critical Dubai roads by 20 percent.