Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

SAUDI ARABIA

Rabigh Refinery/Petchems Project Seeks Funding, Issues RFP And PIN

Saudi Arabias Rabigh refining/petrochemicals project is seeking funding and issued a request for proposal (RFP) and public information notice (PIN) to banks last week, MEES learns. The funding will include a commercial loan of $1.54bn, an Islamic loan of $500mn, $2.5bn from the Japanese Bank for International Cooperation (JBIC) in the form of an overseas...