VOL. XLVI

No 5

3-February-2003

ENERGY FINANCE

Regional And Local Banks Play Increased Role In Gulf Project Finance

The need for project funding in the GCC is growing, particularly in the petroleum, power and water industries, as the region tries to improve its infrastructure, pushes ahead with privatization and continues to further its industrial development, MEES soundings indicate. However, demand for financing has started rising again just after a period of retrenchment by...