Busy first half for Gulf bankers

Finance will be in strong demand in the first half of 2006 as several IWPPs look to close. Fortunately banks are easier to find than EPC contractors.

Regional and international banks are preparing to finance the next wave of IWPPs starting with Saudi Arabia’s landmark Shoaiba project. This will be followed towards the end of the first quarter by Qatar’s Ras Abu Fontas B2 project and, at the start of the second quarter, by the Hidd IWPP in Bahrain. Financial close of the brownfield Fujairah IWPP in the UAE is also scheduled for...

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