Middle East Economic Survey


No 33


Egyptian Refinery Takes Top Spot In African Project Financing

When the $2.6bn debt package was signed for the Musturud refinery on 5 August, it became the largest project financing not only in Egypt, but in Africa. Its successful completion in the aftermath of the global financial crisis represents an important milestone for capital deployment to Egyptian projects. Until now the countrys largest project financings have primarily focused on...