London, 18th November – Over 600 senior decision-makers from government, developer and corporate institutions attended the Project, ECA & Structured Finance Middle East & Africa (‘MEA’) Conference in Dubai that took place between the 5th and 6th November 2019.
The key theme throughout the conference was the evident rise in green finance and sustainable energy which has been paramount for securing long-term capital across the MEA. As a result of green finance being the fastest growing asset class with the numerous consecutive renewable energy auctions, a new challenge facing public-private partnerships (‘PPP’) developers is the lower and lower prices being garnered at these auctions. The conference provided an insight into the risks associated with the development of projects in the MEA as it is important to realise that the Gulf Cooperation Council (‘GCC’) has more distinctive issues in comparison to other developing countries. This market report provides highlights of panel discussions and insights from the speakers at the conference.