The pipeline of big project financings in the Middle East is still growing, but securing the funding for these ambitious plans is becoming increasingly hard. Sponsors of the Shuweihat 2 independent water and power project (IWPP) in Abu Dhabi, for example, are having to opt for a $900m short term bridge loan instead of the $2.6bn term financing originally planned. Banks are being lined up for that deal now, and it is expected to close by the end of this year. Read EuroWeek on Friday for all the details.
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