Saudi power company becomes sole owner of NOMAC.
Project Finance
Bank launches green savings bond to back renewable energy projects.
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.
Saudi power group increases its holding in the largest power generator in Jordan.
Kuwait has invited bids from the private sector to help develop a new wastewater treatment plant.
Qatari bank backs Al Million with Islamic funding package.
US$10bn gas development marks 2011’s largest project financing.
A US$206mn loan from the DBSA will rehabilitate a major toll road in Zimbabwe
Saudi-French JV secures funds to continue development of refinery.