Middle East Economic Survey

VOL. LII

No 36

7-Sep-2009

Bahrain

Ex-Im Bank Approves Funding For Al Dur IWPP

The Export-Import Bank of the United States (Ex-Im Bank) said on 28 August that it has approved a $230mn direct loan to support the sale of General Electric equipment to Bahrains Al Dur independent water and power project (IWPP). GE had announced on 11 June that it had signed a contract worth more than $500mn to supply power generation equipment, including gas and steam turbines, to Al Dur (...