News
11 January 2023

Locals to bankroll Jafurah desal

In:
Oil & gas, Waste and water
Region:
Middle East & Africa

The recent Lamar Holding/Mowah winning bid for the $693 million Jafurah desalination project in Saudi is being debt financed via local banks which, given high oil prices, are awash with liquidity and able to provide cheaper long-term debt than international lenders at the moment.The project will...

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