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Sukuk most viable way to finance petrochem projects

Posted on 14 December 2009

From Business24-7.ae: The petrochemical industry in the Gulf will need to finance its high-capacity new projects through sukuk as other finance options become increasingly difficult to obtain, finance officials said.

The view comes close on the heels of an announcement of the region’s association of petrochemical producers – Gulf Petrochemicals and Chemicals Association (GPCA) – that the region will expand its petrochemical production capacity by 10 million tonnes the next year………………………………Full Article: Source

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