MEED
Issue No 7 12-18 February 2010
View all stories from this issue.
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Abu Dhabi sets May deadline for football stadium bids
Project to be built at Capital City District and will cost $1bn -
Alternative funding fills the gap in project finance sector
Despite the squeeze on liquidity, banks have worked hard to find creative ways of closing deals and the Middle East remains among the world’s most active project finance markets -
Cairo needs to convince lenders over public-private partnerships
Overseas lenders may well insist on government guarantees before they are willing to offer finance -
Case study: Financing the Jubail refinery
Saudi Aramco’s Jubail refinery was the biggest project finance deal launched in 2009 and is likely to become a model for funding future refinery schemes -
Clients open prices for Yanbu refinery
Scheme will cost less than $9.6bn Jubail refinery -
Contractors are left guessing in the Gulf
Where there is no consistency of approach from clients, it is difficult for contractors to plan ahead -
Contractors to resubmit bids for Dukhan and Mesaieed upgrades
Final submissions now due by 14 February -
CPC
Construction Products Holding Company has integrated itself into the construction supply chain -
CPC: MEED Assessment
Construction Products Holding Company’s one-stop shop approach in Saudi Arabia allows it to offer competitive pricing -
Developers seek out new public-private partnerships
With major road, power station and petrochemicals projects expected to reach financial close in 2010, governments are turning to new financing strategies to fund infrastructure projects -
Doha plays a waiting game with contract awards
Firms will have to get used to a very different landscape in the emirate. Doha knows that it has the chance to force contractor bids ever lower -
Emirates Aluminium seeks financial adviser for Taweelah expansion
Emal plans to double capacity of smelter project -
Firms line up for Ruwais dredging deal
Contract is part of $10bn Shah gas development -
George Efstathiou
One of Saudi Arabia’s planners and designers of the built environment -
Iran to expand Bushehr port
Maritime organisation to develop berth on Negin Island -
Jacob Kurek
One of Saudi Arabia’s leading planners and designers of the built environment -
Khafji Joint Operations delays Divided Zone oil deal deadline
Saudi and Kuwaiti firm postpones final submission of bids to 8 March -
Kuwait postpones airport work
Deal covers construction of administrative buildings, car parks and fire stations -
Kuwait to expand Al-Zour South plant
Electricity & Water Ministry to issue tender in early March -
Money will remain tight in the region as lenders remain cautious
The message from lenders is loud and clear. Well-structured projects, with long-term planning and strong sponsors, will secure finance -
Moroccan rail construction work to start in 2011
High-speed network will run from Tangier to Kenitra -
Mubadala to request loan refinancing proposals by late February
State organisation holds talks with banks to refinance $2bn facility -
No boom but no bust in Maghreb
There is still appetite among international finance houses to fund major projects in Morocco, Algeria and Tunisia, despite the risks -
Q&A: Faysal Alaquil, Director of Business Development, CPC
Construction Products Holding Company is part owned by Saudi Binladin Group and used its ‘one-stop shop’ concept to expand across the Middle East -
Qatar Leasing to launch $650m loan deal
Standard Chartered and Deutsche Bank underwriting the deal -
Qatar Petroleum cancels tender for Ras Laffan office complex
Budget constraints hit state oil firm’s construction project -
Qatar to retender wastewater plant at new location
Public Works Authority scraps plans for Al-Dhakhira treatment plant -
Qatar’s peaking energy market
The market is about to get tougher for contractors as a wealth of schemes come to completion -
Saipem is the frontrunner for Kuwait oil booster deal
Contract worth $900m set to be the biggest deal in four years -
Saudi Arabia architects
Six of the kingdom’s leading planners and designers of the built environment are: Basem al-Shihabi, Zuhair Hamed Fayez, Tariq Hajj, Tarek al-Shawaf, George Efstathiou and Jacob Kurek -
Special Report: Banking - Public sector projects raise hope
The Gulf’s governments are turning to new financing strategies to fund crucial infrastructure projects with public-private partnerships (PPPs) an increasingly popular model in the region -
Sponsors appoint financial advisers on Petro-Rabigh 2
Sumitomo and HSBC to help raise $10bn for Saudi petrochemicals project -
Swiss firm is frontrunner for $167m Kuwait pipeline deal
Firm submitted lowest price in 31 January bid round -
Tarek al-Shawaf
One of Saudi Arabia’s leading planners and designers of the built environment -
Tariq Hajj
One of Saudi Arabia’s leading planners and designers of the built environment -
Third Abu Dhabi firm plans petrochemicals plant
The project is still shrouded in secrecy -
Three is a crowd in Abu Dhabi plastics market
The Adnoc/Ipic team is likely to resent another local company trying to take a slice of the shrinking pie -
United Gulf Bank puts bond issue on hold
Negative Kipco rating hits investor demand for deal -
US company invites firms to bid for Abu Dhabi hotel work
Entertainment project to be built at Mina Zayed -
Veco wins Bida al-Qemzan oil deal
Onshore Abu Dhabi field is worth $300m -
Vopak Horizons to award oil terminal expansion deal in March
Winning firm to add 600,000 cubic metres of storage facilities -
Zuhair Hamed Fayez
One of Saudi Arabia’s leading planners and designers of the built environment
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