Middle East Economic Survey

VOL. LIII

No 49

6-Dec-2010

SAUDI ARABIA

Ma'aden Aluminum Financing Oversubscribed, Attracts 16 Lenders

The Saudi Arabian Mining Company (Ma'aden) joint venture integrated aluminum project being implemented with Alcoa of the US has attracted 16 financial institutions to its financing and commitments offered were almost twice as much as the funding needed, MEES learns. The total complex has a price tag of $10.8bn with the financing being conducted in two phases, the...