15% hike expected in Middle East Project-Loan Pipeline

Middle East and Africa project finance loans are set to rise almost 15% to about US$40 bln this year as borrowers seek funds for petrochemicals, power and metals production, Standard Chartered Plc said. Lending will advance from about US$35 bln in 2012 because of significant infrastructure demand. Delays in some projects last year had muted demand for credit. The major players will be Power and desalination, petrochemicals, infrastructure, roads, solar, renewable.
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