| Project Islamic bonds are expected to pick up steam in Saudi Arabia with the launch of the first project sukuk this month as issuers seek to diversify sources of funding following global financial woes that may dry up lending from international banks.
Saudi Arabia, with projects underway worth $623 billion according to the economic weekly MEED, is the largest Gulf markets and is expected to require billions of dollars in financing. Financing has traditionally come from government funds and syndicated loans from local and international banks..............................................Full Article: Source
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