14
Feb
08:53
GCC governments borrow to fund infrastructure projects: S&P
Gulf Cooperation Council governments will borrow or turn to public-private partnerships to fund infrastructure projects, as low oil prices restrict revenues and support from banks. This is according to credit rating agency Standard & Poor’s (S&P).
S&P estimates that GCC governments’ spending on projects alone – including infrastructure contracts – could be about $330 billion over 2016-2019. About $50 billion of this …
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Very good overview of the weekly steel market.
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