10.06.2009 - Saudi Arabia set to launch new bond market
From Forbes: Saudi Arabia is poised to launch a sukuk and bond market this week, a step analysts said Tuesday reflected the OPEC kingpin's push to further develop its debt market at a time when the global meltdown is drying up credit and restricting liquidity. The new market's launch on June 13 comes as Saudi Arabia, home to the world's largest proven reserves of crude oil and the Arab world's largest economy, forges ahead with a slew of infrastructure projects that officials say will cost around $400 billion over the next five years......Full Article: Source