Middle East Economic Survey


No 33


Recent Gulf Project Financings Reveal New Price Band

In the aftermath of the financial crisis project finance deals are still being completed in the Gulf. The Dolphin regional gas operation, Al Dur independent water and power (IWPP) project and Rabigh independent power project (IPP) have managed to secure funding, and the UAEs Shuweihat S2 IWPP is also close to finalizing its financing. These transactions show that pricing has moved into a...