SINGAPORE (Sept 4): City Developments Limited (CDL) has secured an SDG Innovation Loan worth $250 million from DBS, to accelerate innovative solutions that promote UN sustainable development goals (SDGs).

According to a joint statement by CDL and DBS on Wednesday, the loan encompasses a three-year revolving credit facility from DBS, and will be used for CDL’s general working capital and corporate funding.  

CEO of CDL Sherman Kwek says, “Our SDG Innovation Loan will enable us to test bed fresh innovations that will exponentially enhance the way we build as well as raise the quality and performance of our buildings.”

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