SAUDI ARABIA

Ex-Im Bank Approves $638Mn For Qurayyah IPP

The US’s Export-Import Bank’s (Ex-Im’s) board of directors approved a $638mn direct loan for a sale of gas and steam turbines by Siemens Energy. The turbines are part of a project valued at $2.8bn that involves the construction and operation of a combined cycle, gas-fired independent power project (IPP) with a capacity of 4.0gw. It is located in Qurayyah on the eastern coast of Saudi Arabia. The borrower is Hajr for...