Saturday 21 November 2009

Dubai - Supplier Financing Being Pursued for Transport Projects?

Another rumor - Dubai is looking for supplier finance for transport projects.

Usually one looks for supplier finance when the usual credit sources (banks and bonds) are reluctant.

If true, not a good sign for Dubai Inc. 

But with so much debt to refinance, how do you get financing for new projects?  You lean on every source you can.

On the topic of involuntary supplier credit, you'll recall there was a very public (and very uncharacteristic) complaint by Japanese contractors about late payments on various projects in Dubai including the Metro.  Earlier SAM post.

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