Middle East Economic Survey

VOL. L

No 26

25-June-2007

GCC

Pushing The Envelope On Covenants: A Project Advisors Warning

The GCC project boom promises to bring value-added industries to the region and boost employment, but in addition to these benefits, there can be negative consequences of such rapid development. The trend towards looser structures on deals could become a problem in a down cycle, warns Terry Newendorp, Chairman and CEO of Taylor-DeJongh. A year on from his last exclusive interview...