Middle East Economic Survey
VOL. XLVIII
No 27
4-July-2005
SAUDI ARABIA
Rabigh Project Seeking $5.5Bn From Debt Markets
The proposed Rabigh refining and petrochemical complex project in Saudi Arabia is expected to seek $5.5bn from the debt markets and will need around $8bn for development, MEES understands. Originally the cost was estimated at $4.3bn, with the debt component seen totaling $1.5bn (MEES, 28 February) but this has been hiked, not only due to some changes in the scope of the project,...
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