Middle East Economic Survey
VOL. LII
No 21
25-May-2009
SAUDI ARABIA
Ex-Im Bank Approves Loan To Saudi Electricity Company
The Export-Import Bank of the United States (Ex-Im) on 15 May approved a total of $912.8mn in direct loans to finance the export of 23 General Electric gas turbine generators to the Saudi Electricity Company for three projects: the 500mw expansion of the Faras power station in eastern Saudi Arabia near al-Hofuf; the 492mw expansion of Power Plant 8 in Western Riyadh; and the...
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