A fresh approach to project finance
- From: Vol 10, Issue 5 (May 2009)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: ACWA Power, GdF Suez Energy International, Global Water Intellegence , Gulf Investment Corporation, Japan Bank for International Cooperation, National Commercial Bank and Water & Electricity Company
The Middle East project finance market is not as sick as it seems. All parties will need to show a greater degree of flexibiity if the market is to evolve.
The overriding opinion amongst developers and bankers is that the effect of the international credit squeeze on the financing of large water projects in the Middle East has not been as severe as many had feared.
In the first half of 2009, the story of funding the Gulf's latest wave of large water projects has been one of rising ...
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