With the project, the BNP Paribas was involved in the largest Islamic financing facility for the energy sector in history. Project Finance Magazine subsequently gave the Bank an award for Best Islamic EMEA Project Financing of the Year. BNP Paribas was appointed one of the lead arrangers and documentation bank for the project.
Aluminium smelting is another energy-intensive industrial sector that BNP Paribas has played a role in developing in Qatar. For example, the Bank was involved in the Qatalum project, as both financial advisor to the State of Qatar via Qatar Petroleum, and to its partner Norsk Hydro. BNP Paribas acted as lead arranger for the project funding.
In March 2007, a delegation from Türk Ekonomi Bankası (TEB) - a joint venture with BNP Paribas as of 2005 went to Qatar with the aim of assessing the commercial potential for Turkish companies operating in the oil and gas, contracting and building materials sectors and met with the BNP Paribas Doha team.
Throughout 2007 and 2008, the Bank forged working relationships with a number of major industrial firms. The Bank also signed a bilateral agreement with the Qatar National Cement Company to finance the construction of its fourth manufacturing unit at Umm Bab, and worked with construction companies involved in oil and gas projects.
In 2009, BNP Paribas secured the mandate of joint lead arranger for a bond issue on behalf of the State of Qatar.
In early 2010, BNP Paribas issued a bond on behalf of a consortium led by French construction group Bouygues46 as part of a financing facility for a nine-tower, 750,000m2 complex designed to serve the local, regional and global financial sector. Bouygues worked on the project with Midmac Contracting.
In November 2010, Qatar National Bank appointed BNP Paribas as joint lead manager on a bond issue, the largest-ever by a Middle Eastern bank and the largest-ever Regulation S U.S. dollar bond issue from the Central and Eastern Europe-Middle East and Africa (CEE-MEA) region.
In recent years, BNP Paribas has supported Qatar s move to a more diversified, knowledge- based economy, helping to arrange financing in a range of sectors from real estate to banking, while still playing an important role in the energy sector.
This was demonstrated in July 2011, when the Bank arranged a facility for Midmac Contracting to support a project awarded by the Qatar Foundation47 for Education, Science
46. A prominent French group with a long established relationship with BNP Paribas in France, Bouygues is a world leader in the construction sector, which has diversified into European telecoms (TV and mobile phone networks).
47. A non-profit organisation founded in 1995 by His Highness Sheikh Hamad bin Khalifa Al-Thani, Emir of Qatar, and chaired by Her Highness Sheikha Mozah bint Nasser Al-Misnad. The aim of the Qatar Foundation is to support Qatar on its journey from a carbon economy to a knowledge economy through strategic investments in education, science and research and community development.
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