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Advisers: Mizuho, SMBC, BTMU, Mitsubshi UFJ, SG, Crédit Agricole, BNP, UDB, Attijariwafa, BCP, Clifford Chance
Project finance lends itself extremely well to Islamic finance, since it is very easy to satisfy the requirement for solid, tangible underpinnings to a financing when one is building a power plant or a highway. There were several of note in our period of review – others included the Al Sharkeya Sugar Manufacturing financing in Egypt, and the Wa’ad Al Shamal Phosphate financing in Saudi Arabia .
But the standout deal was the Morocco Safi IPP, whose $2.6
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