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Article: Wildly different situations: the Bahrain wing of Kuwait Finance House is planning twin versions of its concept of an integrated petrochemicals and utilities plant in the GCC, but in very different operating environments.(KUWAIT FINANCE HOUSE)(Gulf Cooperation Council)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- October 28, 2005
- Author:
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It is a tale of contrasting fortunes. Saudi Arabia and Kuwait are desperately trying to find a productive use for flared gas from the Divided Zone (DZ) to evade the censure of the international environmental regime. Across the water in Bahrain, infrastructure and industrial projects are constantly haunted by the spectre of gas shortages.
The two dilemmas present similar opportunities for Kuwait Finance House (KFH)--Bahrain. The Islamic banking giant, drowning in liquidity, is pioneering the concept of an integrated petrochemicals, power and water plant in the GCC and plans twin facilities at Khafji in the DZ and at Sitra in Bahrain. Both will produce matching ...