Middle East Economic Survey


No 9


MEES Agenda

Saudi Bank Capacity Insufficient To Meet Boom In Financing Demand

On the back of a period of sustained high oil revenues, the demand for project finance in Saudi Arabia has been rising sharply. So big is the boom, says Melanie Lovatt, that local banks alone are no longer able to meet the demand.

Saudi Arabias project finance needs are expected to at least double in 2005 from the levels seen last year, according to bankers....