Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

syria

Syria Concludes Its First Project Financing For Cement Plant

Bank Audi announced on 12 November the conclusion of a landmark $340mn seven-year project finance facility in favor of Lafarge Cement Syria, for the partial funding of the first private greenfield cement plant in Syria. International law firm Lovells advised Lafarge on the project financing, totaling $682mn for the development of the cement plant with a capacity of 2.75mn...