Union National Bank is providing the financing requirements for the PCE Joint Venture which comprises of Power Transmission Gulf (40 per cent) (Subsidiary of BK Gulf), China State Construction Engineering Corporation (ME) LLC (30 per cent), and Emirates Falcon Electro Mechanical Co. EFECO LLC (30 per cent) (Subsidiary of Arabtec Holding) for the recently awarded Mechanical Works Package valued at AED 878 million for the Abu Dhabi International Airport – Midfield Terminal Building, CPI  Financial reported.

The Midfield Terminal is scheduled to open in 2017. The project has a total construction area of 700,000 square metres and the mechanical installation is expected to be completed in 35 months. The project is a complex and challenging initiative with the use of Building Information Modeling across the entire design and construction processes combined with high design standards.