NO. 22


Financial and Banking News

Regional Financing

Gulf Industrialization Will Cost over $10bn during next Two Years, butMoney Is Available

The Gulf states will need more than $10bn during the next two years tofinance industrial expansion projects, and commercial banks, both local andinternational, may be asked to provide at least half of this. The remainder willcome from equity injections from shareholders and, to a lesser extent, fromstate reserves. Nevertheless, there is...