Middle East Economic Survey


No 37



Shuweihat S2 Financing Still Set For Completion End-September

The long term financing for the Shuweihat S2 independent water and power project (IWPP) is expected to close at the end of September, MEES learns. The starting margins were hiked several weeks ago, to 260 bps over the London interbank offered rate (Libor) from 225 bps, which appeared to make it more palatable to banks (MEES, 17 August). The financing with a 22-year tenor replaces...