BY BABU DAS AUGUSTINE (Assistant Editor)

7 October 2006

DUBAI - The huge infrastructure funding opportunities in the Gulf economies are prompting conventional, Islamic and investment banks as well as private equity players including buyout firms to compete for funding opportunities in the region.

According to Standard and Poor's, project financing in the GCC was about $45 billion last year. Analysts estimate the total infrastructure projects expenditure this year to exceed $360 billion (Dh1 trillion). "Thanks to the huge domestic liquidity in the region, we see a lot more regional banks and private equity players competing for financing big ticket infrastructure projects," said a Dubai-based investment banker.

Full Story...

Posted by pichu at October 7, 2006 11:32 PM