Middle East Economic Survey
VOL. LII
No 11
16-Mar-2009
SAUDI ARABIA
Ras Al-Zour Financial Close Nears
The financing for the Ras al-Zour independent water and power project (IWPP) will be able to close shortly, MEES understands. It was completed early this year, but signing of final documentation is unable to proceed due to changes in the shareholding structure. Unable to raise the funds for its equity contribution, cash-strapped Malakoff of Malaysia has reduced its stake in the project to 8% from...
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