Middle East Economic Survey

VOL. LIV

No 20

16-May-2011

MEES Agenda

Ma'aden Seeks Financing As Saudi Petchem Giants Plan Market Approach

Saudi Arabian project finance activity stepped up last week as Ma'aden and Alcoa sought funding for the second phase of their multi-billion dollar integrated aluminum project. Others will follow suit this year, hoping to take advantage of considerable domestic bank liquidity. But the $20bn Saudi Aramco/Dow petrochemical complex at Jubail II is not expected...