Middle East Economic Survey
Banks Upbeat On Project Finance As Mega-Deals Target Year-End Close
A year ago, project financing, like most other sectors, came to a standstill following the collapse of US investment bank Lehman Brothers. But as 2009 unfolded, conditions have gradually improved, allowing a number of projects in the Gulf to secure funding, such as the Dolphin regional gas facility, and Al Dur independent water and power project (IWPP). Encouraged...