Project market clues to recovery
Issue 854
- 30 May 2009
| 3 minute read
In the project finance market, signals have been mixed. On the one hand, the Saudi market has been through a dour time, not least in its cancellation of the $5.5bn-$6bn Ras Al-Zour independent water and power project (IWPP) as a private sector development after the original bid winner, Malaysia’s Malakoff, failed to come up with financing and decided to withdraw.
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