Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

SAUDI ARABIA

SAGIA, Swicorp Launch $5Bn Consortium To Invest In Energy Sector

The Saudi Arabian General Investment Authority (SAGIA) and Swicorp, a Swiss-based private equity and investment banking firm in the Middle East and North Africa region announced on 14 December they were launching a $5bn consortium to invest in energy-related projects. The $5bn funding for the new Swicorp Joussour Company is structured into debt and equity, of...