Middle East Economic Survey

VOL. LII

No 20

18-May-2009

REGIONAL/GCC

Project Finance Deals Push Ahead Despite Reduced Funding

This time last year delegates at the Projects International Conference were concerned about the impact the credit crunch would have on the project finance sector, but deals were still being launched, and it appeared to be holding up relatively well. This year things look very different. Bank funding to virtually all financial sectors has been cut, and project finance is no...