Middle East Economic Survey
VOL. LII
No 23
8-Jun-2009
REGIONAL
IFC Investing In New Company To Increase MENA Power Supply
IFC, a member of the World Bank Group, is investing up to $50mn in Creative Energy Resources (CER), which is aiming to address the growing demand for electricity and improve energy reliability in MENA and South Asia. CER is a newly formed holding company promoted by Saudi-based Swicorp Joussour, which has committed up to $100mn to its inception. The plans call for the company to...
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