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...