Middle East Economic Survey


No 25


Gulf Project Financing Encouraged By Saudi Power Deal

As some governments, particularly in Europe, try to plug mounting debt, and concerns of a double-dip recession linger, Gulf project financing has been quietly ticking along and the wrapping up last week of another large power deal provided further encouragement to the sector. The financing agreement for the gas-fired Riyadh independent power project (IPP), which is widely known as PP11,...