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Latest MEA Analysis
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The bluffer’s guide to infrastructure
MENASitting down yesterday to an old-school lunch with a rare selection of industry veterans, discussion over a succulent rack of lamb and a cheeky bottle of red inevitably turned to the nostalgic “where are they now?” and swiftly evolved into the more waspish “how are they still there?”
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The new year – back for another swing
Renewables MENAA couple of (hopefully) amusing anecdotes, a preview of our league tables which will be published in a couple of weeks' time and mulling the awards for which we shall hosting judging sessions over the course of this month
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Infrastructure funds – big news
Renewables MENAIn the same week that IJGlobal goes live with our infrastructure funds database – IJInvestor – it feels appropriate to turn the focus on an interesting trend in the equity space: the rise of technical advisers as investors.
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Gulf tensions chill Lebanon’s development
Oil & Gas MENADFI-backed projects in Lebanon appear to be on ice after Prime Minister Saad al-Hariri resigned earlier this month. The latest instability is likely to further hinder project financings in the country
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Making bubbles while the sun shines
Renewables MENAIt always pays to keep a weather eye out for the next financial bubble, after all, we’ve seen enough of them in recent times to warrant wariness. Right now there’s a splendid one brewing in the international renewable energy space that should have you all bracing for impact
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Egypt closes solar FIT 2 at half the price
Renewables MENAEgypt can finally celebrate substantial success in its attempts to procure 2,000MW of solar capacity under its FIT scheme, with the second round seeing 30 projects reach financial close last week
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Local bank decline in MENA
Oil & Gas MENAWhile local lenders become less active in MENA energy and infrastructure transactions, international banks are taking a larger slice of a diminishing pie
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Mini-perm treatment for GCC tenors in need of a trim
Renewables MENAMini-perm financings are increasingly in vogue across the GCC, driven by ultra-competitive pricing on renewable energy projects and bank liquidity requirements
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Denmark’s Frankenfund – it’s live…
Renewables MENAThis week witnessed the birth of a fund that bears all the hallmarks of Frankenstein’s monster and it has now been unleashed on emerging markets. In a staggering display of Nordic good sense, Denmark’s largest company – a global leader in the ports and shipping space – has been spliced with three pension funds to create a monstrous vehicle to invest across African infrastructure and energy
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MENA cuts time to financial close
Oil & Gas MENAThe MENA region, never a slouch when it came to getting projects over the finish line, appears to be getting quicker at taking projects from preferred bidder (PB) to financial close
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Saudi's Vision 2030: A slow start
Renewables MENASaudi Arabia’s Vision 2030 plan launched to considerable fanfare in mid-2016. Though it is still early days, this blueprint for modernising and diversifying the country's economy has not led to an increase in closed deals in the energy and infrastructure sectors
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Interview: FRV’s Javier Huergo
Renewables MENAJavier Huergo, treasurer and chief investment officer for Fotowatio Renewable Ventures' parent company Abdul Latif Jameel speaks to IJGlobal
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MENA wind and solar
Renewables MENAWhile the value of active pipeline and procurement wind and solar energy deals in the Middle East and North Africa (MENA) has dropped in the nine months to May 2017, there are still a number of opportunities coming to the market
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Marubeni and Jinko’s Sweihan solar, United Arab Emirates
Renewables MENAThe world’s largest solar project with 1,177MW of capacity reached financial close in May 2017. Sweihan offers the world’s lowest headline tariff for solar electricity and may mean Abu Dhabi can delay its next solar procurement
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Project procurement and delivery
MENAThe UK, Canada and Australia are three of the most established private finance markets for infrastructure in the world. Lauded for easily accessible and transparent procurement and delivery mechanisms they are often a blueprint for emerging PPP markets
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Acwa Power’s project-backed bond, Saudi Arabia
Power MENASaudi Arabian developer Acwa Power’s recently closed project-backed bond issuance unlocks some $814 million in capital for the firm in what is its first investment-grade offering secured against operational assets
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Leviathan gas field, Israel
Oil & Gas MENADelek Group and Texas-based partner Noble Energy’s financing of the Leviathan gas field offshore Israel represents the country’s largest ever infrastructure project. The field will ultimately transform Israel into a regional energy hub
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Engie top IJGlobal renewables Q1 2017 sponsor LT
Renewables MENAEngie made the biggest commitment to renewables investment in the first quarter of 2017, according to the IJGlobal Q1 2017 league tables
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GCC refinancings drop by a third
Oil & Gas MENARefinancing deal value closing throughout the GCC dipped by 34% in 2016, according to IJGlobal data. The downward trend is expected to continue with fewer refinancings set to close in 2017, sources say