Middle East Economic Survey


No 21



Qafco 5 Puts Back Funding Until Q3/Q4 To Assess Escalating Costs

Qatar Fertilizer Company (Qafco) had anticipated approaching the bond market and banks for financing for its Qafco 5 expansion earlier this year (MEES, 19 March), but funding has now been put back until the third or fourth quarter, MEES understands. Cost assessments are being reviewed after a rise in the price of raw materials and equipment for the project. Further analysis of...