Meet to focus on $1trillion project finance market

Dubai, December 11, 2007

Fleming Gulf will hold its 4th Annual Middle East Project Finance Conference from May 26–28, 2008 in Dubai.

The meet will convene more than 170 senior executive heads representing the international banking, finance and investment; and key oil & gas, petrochemical, utilities and infrastructure sectors, the company said in a statement.

The meet will see discussions on the latest mechanisms for financing complex transactions and outlook for the next wave of mega-deals thereby cementing and reinforcing the status that the conference acquired over the last three years, it said.

With project finance deals worth $1 trillion underway or in the pipeline, Middle East is indeed emerging as a strategic global hub for project financing, Zenab Husain, senior conference producer with Fleming Gulf said.

These spurring and exponential developments in each industrial segment of Middle East– oil & gas, petrochemicals, infrastructure, utilities & real estate are substantial enough to place the region second only to China as a focus for project finance over the next years. As the business has transferred dramatically from past few decades, there seems to be no dearth for project finance opportunities and such prosperity is likely to continue at the same pace over next decade or longer, Husain added.--TradeArabia News Service

Tags: China | project finance | Fleming Gulf |