Gulf project finance market sucked dry
- From: Vol 9, Issue 10 (October 2008)
- Category: Analysis
- Region: Unspecified
- Country: Qatar and United Arab Emirates
- Related Companies: Calyon, Denton Wilde Sapte, Japan Bank for International Cooperation, Korea Exim Bank, Mashreqbank, Qatar Petroleum and Standard Chartered Bank
The international project finance market has dried up, forcing project developers in the Gulf to look elsewhere for funding. What alternatives are on offer?
Progress on independent power and water projects (IWPPs) in the Middle East has all but ground to a halt, as the worsening credit crisis has made it impossible to raise international project finance.
While Qatar managed to close a USD3.2bn financing package in early September for the Ras Laffan C development, two other large projects in Abu Dhabi and ...
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