Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

GCC/REGIONAL

Gulf Energy Financing To Soar Again In 2006

The list of projects seeking financing this year is already growing and EPC costs are continuing to rise. But banks are still awash with capacity and remain keen to take on Gulf risk, so the funding equation looks rea-sonably balanced. Melanie Lovatt looks back at the 2005 project financings and suggests that with high oil prices continuing, banks will face a similar environment in...