VOL. XXXIX

No. 35

27-May-1996

SAUDI ARABIA

Jubail And Yanbu Will Require $2bn In Financing For Utilities' Expansion

In what will be a highly significant development for the capital market in Saudi Arabia, the Royal Commission for Jubail and Yanbu is studying plans for private sector involvement in the expansion of the power, waste water and fresh water utilities at these two sites. The project is thought to call for a total of $2bn in financing - $1bn in debt and $1bn in equity. It is...