Middle East Economic Survey
Abu Dhabi Group Signs $200Mn Agreement With 18 Pakistani Banks
A $200mn agreement was signed on 3 October between the Abu Dhabi Group, owner of Warid Telecom, and a consortium of 18 Pakistani banks. Warid Telecom recently won a license for $291mn to provide mobile phone services in Pakistan after the country liberalized the sector. The project is scheduled to be operational by 2Q2005. Warid Telecoms total project cost...