Forum to focus on credit crisis
01 January 2009
THE fifth annual Middle East Project Finance Forum will be held on May 26 and 27 in Abu Dhabi to discuss the current financial turmoil that has jolted the whole world, according to Fleming Gulf, the event’s organiser.
“The needs of a rising population and a demand for better infrastructure have driven growth of projects in the Middle East, even in the face of the current financial crunch,” says Fleming Gulf marketing manager Rameem Mohammed.
He continues: “Projects have continued on unabated but now the issue remains clear: the crunch is affecting lending across the region. There is so much uncertainty with regard to the credit crisis affecting projects that alternative financing tools are being looked at, including an ever-increasing need for the involvement of sovereign wealth funds (SWFs), export credit agencies (ECAs), public investment funds and more.”
The event aims to provide a view on how to return to stability albeit along more conservative lending lines. The focus will also be on the growth in market momentum required, and how current and upcoming projects can be shielded from the financial turmoil.
Also being presented will be the pipeline of large-scale projects requiring finance. Advisers from Calyon, Apicorp, Instrata Capital, Gulf Investment Corporation, and HSBC Amanath will converge to lead major sessions on the prospects of the project finance industry as those who regulate and influence the market.
The last forum attracted more than 120 participants.
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