Middle East Economic Survey

VOL. LIII

No 12

22-March-2010

MEES Agenda

Advent Of Mega-Projects Collides With Reduced Bank Capacity

Project finance conditions have improved markedly from those seen a year ago, when the credit crunch hit with full force, but concerns linger. Bank capacity remains reduced at a time when mega-projects in the oil and gas industry are coming to market. This will require continued use of the multiple funding sources tapped under 2009s constrained conditions, and if new...