The regional project finance market has been mauled by the credit crunch resulting in a raft of cancelled deals – but it has recently shown a glimmer of life.
In June, Qatar’s Nakilat raised $949m to pay for liquefied natural gas ships. Financing deals for three large projects – $1.7bn for Bahrain’s Addur power and water project and two multi-billion dollar deals in Abu Dhabi – are expected to close shortly.
