Topic - Project Finance
Crunch time for Saudi project finance
Saudi banks are rolling in riyals. That might not be enough to plug the hole left by retrenching European lenders.
Saudi Arabia has a vast amount of infrastructure development underway, and as more projects join the pipeline, the question of who pays for them becomes more pressing.
Historically, Western banks have picked up the bill. If some now lessen local lending to shore up their own balance sheets, Saudi banks may be ill-equipped to replace them.
Marsh names new infrastructure head
Edwin Charnaud to lead division alongside current role as head of EMEA M&A.
ACWA boosts stake in CEGCO
Saudi power group increases its holding in the largest power generator in Jordan.
New divisional head at FBN Capital
Patrick Mgbenwelu joins Nigerian firm from Stanbic IBTC.
In profile: Henrik Normann, Nordic Investment Bank
Henrik Normann has never been afraid of change. As CEO of the Nordic Investment Bank, he’ll have plenty of opportunity to prove it.
Kuwait to build US$1.5bn wastewater plant
Kuwait has invited bids from the private sector to help develop a new wastewater treatment plant.
QIB funds taxi project financing
Qatari bank backs Al Million with Islamic funding package.
Qatar Petroleum closes funding
US$10bn gas development marks 2011’s largest project financing.
DBSA backs Zimbabwe road project
A US$206mn loan from the DBSA will rehabilitate a major toll road in Zimbabwe
SATORP raises $1bn from sukuk
Saudi-French JV secures funds to continue development of refinery.
Uzbekistan to build US$4bn site
Joint venture with Korean companies to construct petrochemical plant.
Apicorp branches out
MENA development bank Apicorp is following a record performance in 2010 with a new emphasis on diversification in its projects and fund raisings, moving into new sectors and tapping new capital markets.
The timing couldn’t be better; political turmoil across the region and the withdrawl of some global banks has created a funding gap for energy-related project financings, and the bank’s assistance is needed more than ever.
Chief executive Ahmad Bin Hamad Al-Nuaimi told EMEA Finance about the bank's new strategy during his recent visit to London.
