Middle East Economic Survey
Ma'aden Readying To Approach Lenders For Aluminum Project
Saudi Arabian Mining Company (Ma'aden) is expecting to approach banks in April or May to seek funding for its aluminum project, MEES understands. The project, being implemented by Ma'aden and US aluminum giant Alcoa, comprises a smelter and rolling mill, and is expected to cost around $7-8bn. As has been the case with financings coming to market in the wake of the credit...