17.01.2013 - Project finance demand up
With $159 billion worth of contracts to be awarded across the Middle East in 2013, project finance loans are set to rise almost 15 per cent this year, according to bankers. Project finance in the region is expected to grow from about $35 billion in 2012 to about $40 billion this year because infrastructure demand is going to be significant, bankers said. Others, such as the Shuweihat independent power and water plant in Abu Dhabi, are considering using bonds to refinance debts. Sukuk, or Islamic bond, is also under consideration, with Saudi Arabia’s Sadara Chemical said to be considering a riyal-dominated project sukuk...............................................Full Article: Source
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