Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

Mubadala Sees Increased Focus On Project Bonds

By Melanie Lovatt in Dubai

Over the past half year Abu Dhabis Mubadala Development Company has run the gauntlet of the credit crunch, conducting project financings worth $7.5bn, including Dolphin (MEES, 27 April) and three public-private partnerships (Yahsat satellite, and Paris-Sorbonne and Zayed Universities). Market conditions are improving from the standstill seen after Lehman Brothers collapsed...