Middle East Economic Survey

VOL. LII

No 19

11-May-2009

REGIONAL/GCC

Gulf Project Finance Deal Flow Recovering

With economists starting to remark on green shoots of recovery following the global financial crisis, as a result of slightly improved economic data and news that some banks made money in the first quarter, there is also cause for optimism in the Gulf project finance market. It is encouraging that the Dolphin regional gas project refinancing was able to secure $3bn from 23 banks, thus far,...