Middle East Economic Survey

VOL. XLVIII

No 49

5-December-2005

SAUDI ARABIA

Tasnee Cracker To Seek $1.8bn Debt; Al-Waha, Sipchem Approach Banks

Petrochemical project finance in Saudi Arabia is proceeding rapidly, with the Tasnee cracker gearing up to officially approach the bank market, and two other private petrochemical projects, Al-Waha and Sipchem, seeking funding. They follow the Rabigh and Sharq petrochemical projects which recently appointed their mandated lead arrangers and secured funds at...