Insight and Intelligence on the Global Facultative Markets

5 February 2012

Country profile: Middle East

16 April 2010

Older and wiser?
The recent $10bn bailout of Dubai highlighted the problems faced by the once booming Middle East. With finance for some construction projects in doubt and some significant recent losses coming to light, what are the prospects for the fac market in the region?
The well-documented construction slowdown in Dubai culminated in December 2009 when sister city Abu Dhabi provided a $10bn lifeline. The funds were offered to help state-owned Dubai World from defaulting on a $4.1bn bond,...

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