Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

GCC/REGIONAL

Gulf Power/Water Privatization Continues, As Saudi Arabia Conducts Review

The power and water privatization drive continues across the Gulf and a number of projects have recently secured funding. This is encouraging for other sponsors that are currently in discussions with lenders, or planning to approach them, although deals are still taking longer to close and financing costs are higher than before the credit crunch. However,...