VOL. XXXVII

NO. 3

18-OCTOBER-1993

Financial and Banking News

Regional Banking

Contracts To Submit Fully Financed Bids For QAFCO

Contractors have until 17 October to present fully underwritten bids for theexpansion of Qatar Fertilizer Company (QAFCO). The total project cost is $500mn,of which $150mn will come from shareholders' equity. The three pre-qualifiedcontractors are Mitsubishi Heavy Industries, Uhde and Snamprogetti. Theexpansion plans envisage capacity additions of 1,500 t/day of ammonia...