Renewable energy schemes are set to become the key growth area for the Middle Easts project finance market in the coming years, MEEDs Qatar Projects 2014 conference has been told.
Mario Salameh, managing director and head of project finance, Mena, HSBC, told the conference that the renewable sector will become the main growth area, and also said he expected general infrastructure to offer further increasing opportunities for the project finance sector.
Salameh said the regions lending institutions were well placed to fund major projects going forward, with ample liquidity available for strong projects.
According to Salameh, lenders will be keen to look at renewable energy projects as this will diversify their portfolio. But he also warned that they will be very cautious as they lack experience in investing in renewable schemes.
More from MEEDs Qatar Projects 2014 conference
- Qatar plans water research projects
- Qatars Manateq to award first infrastructure packages by year-end
- Total confident of maintaining output at Al-Khalij oil field
- Consumers still favour conventional gas
- Qatar to issue 10 tenders for World Cup projects in 2014
- Qatar Petroleum has feedstock for further chemicals expansion
- Qatars banking sector expects double-digit growth
- Qatar focuses on improving financial infrastructure
- QP downstream scheme to drive enterprise