Middle East Economic Survey
VOL. XLVIII
No 42
17-October-2005
SAUDI ARABIA
Sharq Issues RFP, Response Will Provide Barometer For Saudi Petrochemical Funding
Saudi Basic Industries Corporation (SABIC) subsidiary Sharq is seeking funding for the third expansion of its petrochemical operations and issued its request for proposal (RFP) to banks on 7 October, MEES learns. The project is seeking commercial bank debt of just under $1bn, with Japanese export credit agency (ECA) JBIC to provide around...
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