Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

KUWAIT

Kuwaits Greater Equate To Approach Bank Market In June

Kuwaits Olefins-2 project, which is now named the Greater Equate project, is to formally approach the bank market for funding in June, MEES understands. Soundings to gauge interest from banks have been conducted and the request for proposals is being prepared. The project is seeking around $2bn in debt (MEES, 28 March) and is likely to carry both conventional and Islamic tranches....