Middle East Economic Survey
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....