Start-up Arabian City Raising Funds in US

O'Connor, Colleen Marie
July 2006
Investment Dealers' Digest;7/24/2006, Vol. 72 Issue 29, p8
Trade Publication
The article reports on the postponement of a private note offering Blue City Investments I Ltd., a hybrid securitization deal, which is tied to the construction of a new multi-billion-dollar city in Oman. The transaction was put on hold because of the concern regarding the spread of Middle East conflict to the area. Saavan Gatfield, business analyst, noted that the risk to Blue City is more on construction delays once the project will start.


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