 |
LAST SEPTEMBER, a project to build the Rabigh power plant in Saudi Arabia was struggling. Some $3 billion had been arranged to finance the project but the consortium of funders was receiving instructions from home that they could not proceed as conditions in the credit markets were too uncertain. A number of the international players in the project invoked their material adverse conditions clauses and quit. Enter the latest Saudi Arabian bank to participate in project finance.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
