Middle East Economic Survey


No 45


Capacity Concerns Simmer, But Price Remains Key Issue For Power Financings

Fujairahs difficult syndication (see Fujairah Syndication Keeps Spotlight On Bank Capacity, Returns, MEES, 30 October) has started to raise concerns that bank capacity may be insufficient to meet the financing needs of the Gulfs power industry. In the short term, a plethora of deals both new project financings and re-financings will be seeking funds simultaneously....