Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

SYRIA

Syria Secures 64Mn Bank Guarantee For Dair ʹAli Power Plant Expansion

Syrias Public Establishment for Electricity Generation and Transmission (PEEGT) has secured a 64mn bank guarantee from local lender International Bank for Trade and Finance, to help fund the expansion of Dair ʹAli power generation plant in southern Damascus, the daily al-Hayat reported on 8 September. This is the first guarantee issued by a private sector bank in...