ME down a third
Project finance volumes in the Middle East dropped by a third in 2008 from 2007 as the market cooled. The 2008 figure of US$25.7bn compares with US$39.5bn in 2007, US$33bn in 2006 and US$31bn in 2005. The result is still creditable, with some significant deals transacted in 2008, but it points to a general slowdown in the market that will probably continue for a couple of years.
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