Global Talk: Mideast Faces Trickier Times with Oil Bust

• Financing of water, wastewater and other infrastructure projects also made more difficult in economic downturn as credit crunch affects major efforts in power and desalination.

By Carlos David MogollonHarsh realities of the economic crisis are descending on the Middle East regarding financing of infrastructure projects, I learned after recently attending the PennWell event Power-Gen Middle East in Manama, Bahrain, in February. A few major projects have been delayed due to difficulties in taking them to public finance markets.