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Global Deal of the Year 2011/Middle East Oil & Gas Deal of the Year 2011: Barzan
The biggest project financing to date in Qatar and the largest globally in 2011, financial close on Qatar Petroleum (QP) and ExxonMobil’s $10.3 Barzan gas project at the end of last year confirmed what other deals had hinted at – the growing dollar liquidity in GCC banking sector and the w...
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Middle East Mining & Metals Deal of the Year 2011/Middle East Sponsor of the Year 2011: Ma'aden
Last year’s $3.6 billion Ma’aden phases 2a and 2b financing, for special purpose company Ma’aden Bauxite and Alumina, covered the refinery and mining elements to Ma’aden and Alcoa’s $11 billion fully integrated aluminium complex project and concluded two years of major Ma...
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Middle East Power Deal of the Year 2011: Qurayyah
The $2.795 multi-sourced financing for the 3,927MW gas-fired Qurayyah independent power project is notable for two reasons – pricing and competitive bidding.
First, although the $179 million uncovered debt on Qurayyah is around half the size of the equivalent debt tranche on Shuweihat 3 (S3) – the ...
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Middle East Renewables Deal of the Year 2011: Zorlu Enerji Pakistan
The 56.4MW Zorlu Enerji Pakistan wind project (also known as Jhimpir Wind) is the first internationally financed wind farm in Pakistan with a foreign investor – Turkish developer Zorlu. With four years of bankable wind data and a strong risk allocation structure, the deal incorporates the groun...
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Middle East Transport Deal of the Year 2011: Salik ETC
The $800 million Salik electronic toll road collection (ETC) system financing – in effect a future flows monetisation – is the first of its kind in the MENA region, and proceeds from the deal will be used to support transport projects in Dubai like the Al Sufouh Tram and the upgrade to Int...
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Middle East Water/PPP Deal of the Year 2011: Muharraq STP
The $328 million Muharraq STP and Sewage Conveyance PPP project – sponsored by Samsung, Invest AD and United Utilities – is the first PPP in Bahrain’s wastewater sector and a flagship deal for Bahrain’s long-term privatisation programme.
The deal closed against the backdrop of u...
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