Financial advisers on the Ras Tanura chemicals and plastics complex in Saudi Arabia (the world's largest project financing deal) are expected to be appointed soon, upon drawing up of shortlists for international and local banks. The project will require a total of US$25 bln to develop. Upon selection, the advisers will be asked to raise US$10 bln in financing for the project. The appointments are expected to be made in April by the project's sponsors, Saudi Aramco and Dow Chemical Company, after banks have submitted proposals for the fundraising.
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http://plastemart.com/plasticnews_desc.asp?news_id=11687&P=P
Wednesday, February 13, 2008
Saudi Aramco finalises shortlist for Ras Tanura financing
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