Eksfin supports Scatec in 531MW Brazilian solar power project
Export Finance Norway (Eksfin) is providing guarantees of up to $71 million for a project to build a 531MW solar power plant in Rio...
For the first-time we combined forces with our sister brands Proximo & Uxolo for a bumper networking MENA event which brought together the Export, Project & Development Finance industries...
Collaboration between Africa and the Middle East has arguably never been greater with many key players looking to reap the benefits of a promising trade corridor between the two regions. Newly formed Middle Eastern ECAs are united by both their desire to bolster exports from the region and by their designs on Africa as a key reciprocal trading market.
Moreover, burgeoning use of Dubai as a trading hub for the Middle East make it a ripe location to gather a deal-hungry attendee list from leading ECAs, exporters, borrowers, EPCs, developers, lenders, investors, ECAs and other key export and project finance players!
Top takeaways from the event:
☆ With the UAE’s local institutions well equipped to support local businesses, more and more international companies will turn to the likes of ADEX and ECI to support transactions with significant UAE content.
☆ Saudi Arabia appears to be the land of promise – a young, motivated workforce and increase of women in leadership roles should pave the way for exciting projects in sectors such as hydrogen, infrastructure, and more.
☆ But the country is not without its challenges: access to information is not always forthcoming, and some processes need significant adaptation for Saudi to be a full participant in the global financing ecosystem.
☆ ECA and DFI collaboration got off to a roaring start in 2022. We saw landmark transactions that proved partnerships between multilaterals and ECAs are crucial for closing deals in countries with middling risk profiles.
☆ MENA’s local banks role, as on-the-ground partners with significant local know-how is important for many transactions, others say that they lack understanding of the international financial ecosystem.
☆ Middle Eastern entities have significant roles to play in Sub-Saharan Africa. Drawing together MENA’s ECAs, investors, and local banks could support transactions in countries with perceived high risk profiles – but partnerships and creative thinking are the key to success.
☆ The energy transition is vital for future generations, but must be accessible, affordable, and achievable for developing countries. We cannot overlook the role of oil and gas revenues in the Middle East’s economy, and should not discount natural gas as a crucial transition fuel.
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We are please to announce that MENA 2023: Export, Project & Development Finance will be held at the Ritz Carlton Dubai in the United Arab Emirates.
We have a preferential room rate available to registered attendees of 2165.00 AED (single occupancy) per night. The rooms are available across the key event dates.
BOOK HERE to secure your place. The deadline for our preferential room rate is 9th March, so make sure you book early.
Please note that all queries and cancellation requests will need to be discussed directly with the hotel.
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Congratulations to all of the winners of the MENA Export Finance Deal of the Year and the Proximo Infra Middle East & Africa Awards 2022 ! Fantastic to see all of the hard work put into these amazing deals being recognized at MENA 2023: Export, Project & Development Finance.
🏆 MENA Export Finance Deal of the Year was awarded to Assiut Oil Refinery Project
Proximo Infra Middle East & Africa Awards 2022 winners include:
🏆 Middle East & Africa Solar - SOLA Tronox - AFRICAN RAINBOW ENERGY, The SOLA Group, Development Bank of Southern Africa (DBSA)
🏆 Middle East & Africa Wind - Amunet Wind - AMEA Power, Mazars
🏆 Middle East & Africa Emerging Energy - Kenhardt Solar & Storage - British International Investment, SCATEC SOLAR AFRICA
🏆 Middle East & Africa Transport - CDPQ Jebel Ali Port Acquisition - Caisse de dépôt et placement du Québec (CDPQ), Citi, Scotiabank
🏆 Middle East & Africa PPP - Shuaibah 3 IWP - Al Rajhi Capital, Banque Saudi Fransi
🏆 Middle East & Africa Digital Infrastructure - Quantum Switch Tamasuk - Allianz Trade, Natixis Investment Managers
🏆 Middle East & Africa Power and Overall Middle East and Africa - ADNOC Lightning Offshore Transmission - ADNOC Group, EDF, BNP Paribas
🏆 Law Firm of the Year - Allen & Overy
🏆 Financial Adviser of the Year - Cranmore Partners
🏆 Bank of the Year - Standard Chartered Bank
🏆 Sponsor of the Year - EIG
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