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JBIC’s Financing Activities in the Middle East
28th November, WIF Riyadh 2016 Naoki Tamaki, Chief Representative Office for the Middle East Japan Bank for International Cooperation
Wholly owned by the Government of Japan
Policy-based Financial Institution
Supplementing private-sector financial transactions
Name：Japan Bank for International Cooperation(JBIC)
Office：4-1, Otemachi 1-chome Chiyoda-ku, Tokyo 100-8144, Japan
Capital：￥1,391.0billion (USD12.3billion) ※
Outstanding Loans / Equity Participations：￥14,693.0billion (USD130.4billion)
Outstanding Guarantees ：￥2,572.3billion (USD22.8billion)
※ USD1=￥112.68 as of March 31, 2016
Profile
• Promoting the overseas development
and securement of resources which are
important for Japan
Natural Resources
• Maintaining and improving the
international competitiveness of
Japanese industries
Business
Development
Overseas
• Promoting overseas business having the
purpose of preserving the global environment,
such as preventing global warming
Preserving
the global environment
• Preventing disruptions to international financial
order or taking appropriate measures with
respect to damages caused by such disruptions
Financial Crisis
Missions
COO
Nobumitsu Hayashi
(Covering Middle East)
Dubai Representative Office
(Covering Middle East)
Governor
Akira Kondoh
CEO
Tadashi Maeda
4 Finance Group
Brief Organization Overview
Chief Representative
Naoki Tamaki
Executive Officer for Europe, the Middle
East and Africa
Moriyuki Aida
Representative
Ryo Kuwahara
16 Overseas Representative Offices
（Based in London)
Energy and Natural Resources Finance Group Global Head:Kazuhiko Amakawa
Infrastructure and Environment Finance Group Global Head:Hideo Naito
Industry Finance Group Global Head: Shigeki Kimura
Equity Finance Group Global Head: Shinji Fujino
GCC
UAE
Saudi Arabia
Qatar
Oman
Kuwait
Bahrain
Representative Office in Dubai (Located in Dubai International Financial Centre, Gate Building) Opened in Jan 2006, and covers 16 countries (and 1 region)
Jordan
Iran
Iraq
Egypt
Lebanon
Syria
Yemen
Sudan
Pakistan
Afghanistan
West Bank/Gaza
JBIC’s Office in the Middle East
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
FY2011 FY2012 FY2013 FY2014 FY2015
230,040 348,160 127,262
640,270 427,613
1,595,936
4,240,981
2,206,174
3,249,397
2,397,404
Others
America
Africa
Europe
Oceania
Asia
Middle East・North Africa
（Million Yen）
FY 2015 2,397 billion yen (equivalent to USD 21.3billion)
Middle East 428 billion yen (equivalent to USD 3.8 billion)
Cumulative commitment amounts in Middle East by Sector:
- Hydrocarbon Projects (USD 19.5billion)
- IPP/IWPP/IWP(USD 10 .1bilion)
Loans, Equity Participations and Guarantees
(excluding North Africa)
Percentage of Cumulative Commitment Amounts
in the Region of Project Finance Deals Commitment Amounts in Each Fiscal Year
Middle East and North
Africa 30%
Asia 18%
Oceania 14%
Europe 11%
Other Africa
2%
Americas 25%
Country Signing Project Participated
Japanese Companies Other Related
Companies
JBIC Loan Amount
(US$ mil.)
UAE
Apr-05 Taweelah B IWPP Marubeni, JGC ADWEA, ADWEC 1,243
Dec-07 Fujairah F2 IWPP Marubeni ADWEA, Engie, ADWEC 1,336
Dec-07 ADNOC － － 2,100
Oct-09 Shuweihat S2 IWPP Marubeni, Osaka Gas ADWEA, Engie, ADWEC 1,111
Nov-10 ADNOC 2 － － 2,100
May-11 Shuweihat S3 IPP Sumitomo Corp KEPCO, ADWEA 400
Oct-12 Oilfield Concession renewal Abu Dhabi Oil Co. － 150
Feb-13 ADNOC 3 － － 2,100
Jul-14 Metito (Integrated Water Management Company)
Mitsubishi Corp, MHI Metito Holdings Limited 92
(Acquisition)
Jan-16 ADNOC 4 － － 2,100
Feb-16 Al Gharbia Pipe Company JFE Steel,
Marubeni Itochu Steel SENAAT 111
Aug-16 Oilfield Development Abu Dhabi Oil Co. － 378
Major Deals in the Middle East Region ①
■ Project Finance / Structured Finance Transaction
Country Signing Project Participated
Japanese Companies Other Related
Companies
JBIC Loan Amount
(US$ mil.)
Saudi Arabia
Mar-06 Petro Rabigh Project Sumitomo Chemical Saudi Aramco 2,500
May-06 Sharq Expansion Mitsubishi Chemical, Mitsubishi Corp etc.
SABIC 1,170
Mar-10 Reactor Tube Manufacturing Project Kubota Tharawat Development
Company 10.2
Jun-10 Jubail Refinery Project Chiyoda, IHI, Elliott
Ebara, Kobe Steel, Hitz Saudi Aramco, Total 200
Dec-13 Jeddah South Power Project MHI Saudi Electricity Company(SEC)
183
Mar-15 Petro Rabigh Phase 2 Project Sumitomo Chemical Saudi Aramco 1,998
Mar-15 MMA and PMMA Project Mitsubishi Rayon SABIC 490
Mar-16 Titanium Sponge Production and Sales Toho Titanium Advanced Metal
Industries Cluster Company Limited
2.7(bn Yen)
Qatar
Dec-05 Qatar Gas 3 LNG Project Mitsui & Co QP, Conoco Philips 1,000
Apr-07 Mesaieed IPP Marubeni QEWC, QP, Kahramaa 836
Aug-08 Ras Laffan C IWPP Mitsui & Co, Chubu Elec., Shikoku Elec.
QEWC, Engie, QP, Kahramaa
1,500
Dec-11 Barzan Gas Project JGC QP, Exxon Mobil 600
Aug-12 QP Samurai Bond Guarantee (GATE) － － 85 (bn Yen)
Jan-16 Facility D IWPP Mitsubishi Corp,
Tokyo Elec. QP, QEWC, Qatar
Foundation, Kahramaa 1,269
Major Deals in the Middle East Region ②
■ Project Finance / Structured Finance Transaction
Country Signing Project Participated
Japanese Companies Other Related
Companies
JBIC Loan Amount
(US$ mil.)
Kuwait
Dec-13 Azur North IWPP
Sumitomo Corp Engie, Al Sagar, KAPP,
KIA, Pension Fund, MEW 645
Oman
Dec-03 Sohar Refinery Project JGC MOF, Oman Oil Company(OOC)
262
Jul-04 Highway Project between Quriyat and Sur － － 80
Apr-05 Sohar Urea & Chemical Industries Project MHI Suhail Bahwan Group 199
Nov-06 Sohar Port Expansion － － 90
Sep-07 Duqm Port － － 396
Nov-11 Sur IPP Marubeni,
Chubu Elec.
QEWC, Multitech, Oman Power and Water
Procurement Company(OPWP)
697
Jul-13 Al Ghubra IWP Sumitomo Corp Malakoff, Cadagua, OPWP 105
Bahrain
Feb-05 Bahrain Petroleum Company JGC BAPCO 155
Apr-06 Al Hidd IWPP Sumitomo Corp Engie, MEW 593
Major Deals in the Middle East Region ③
■ Project Finance / Structured Finance Transaction
Country Signing Project Participated
Japanese Companies Other Related
Companies
JBIC Loan Amount
(US$ mil.)
Egypt
Feb-08 Cairo Metro (Line 2) Mitsubishi Corp National Authority for
Tunnels(NAT) 970(mnYen)
Sep-08 Offshore Gas Development Toyota Tsusho EGAS, GANOPE 270
Aug-10 ERC Refinery Project Mitsui & Co EGPC, KALAA 540
Sep-10 Cairo Metro (Line 3) Mitsubishi Corp,
Kinki Sharyo, Toshiba NAT 7.9(bnYen)
Jordan
Mar-07 Amman East IPP Mitsui & Co AES Corp., National
Electric Power Company(NEPCO)
110
Jan-15 Shams Ma’an Solar Power Project Mitsubishi Corp Nebras Power, Kawar Investment Company,
NEPCO 77
Yemen
May-08 Yemen LNG JGC
TOTAL, Hunt Oil, Yemen Gas, SK Energy, Kogas,
Hyundai, Yemen Pension Fund
120
Major Deals in the Middle East Region ④
■ Project Finance / Structured Finance Transaction
Jordan ●Photovoltaic Power
Generation
Mexico
Indonesia ●Export of Telecommunication Machinery and Equipment
■Submarine Cables Replacement Project
■Export of Transmission and Substation Equipment
●Geothermal Power Plant
●Hydro Power Plant
■Export of Thermal Power Plant
South Africa ●TSL for Renewable
Energy-Related Project
Korea ■Export of Gas-fired Power Generation Plant
Colombia ■Export of Hydraulic Power Generation Facilities
●TSL for Renewable Energy-Related Project
■Export of High Energy Efficient Coal-fired Power Plant
■Portfolio Acquisition of Existing IPP
●TSL for Renewable Energy-Related Project
UAE
■●IWPP■IPP
●Equity Participation in Water Mgmt Co.(Dubai)
JBIC’s Financing for Infrastructure Projects （Total Commitment: JPY2.1 trillion）
Maldives
●Water Supply and
Sewerage System
Operation Project
India ●Delhi-Mumbai Industrial Corridor (DMIC)Project
■Combined Gas-fired Power Plant
■Export for Super Critical Pressure Coal Thermal
Power Plant
●TSL for Renewable Energy-Related Project
★Infrastructure Fund Focusing on India
Thailand
■Natural Gas-Fired Combined Cycle Power Plant
Qatar■IPP■●IWPP
Kazakhstan ■Export of Gas-fired Power
Generation Plant
★Infrastructure Fund Focusing on Asian Emerging Countries
●
■●
■
●
●●
●●
●
■●★
■ ●
●■■
●■■
■■
●●
■ ■
●
Singapore
●Export of Seawater Desalination Plant
■
■ ■
Oman ■IPP
●IWPP
●
●
Brazil ●São Paulo Beltway (RODOANEL) Project
●Cargo Railway Network Development Project
●Equipment Export for Digital Broadcasting
●TSL for Renewable Energy-Related Project
The Philippines ■Portfolio Acquisition of Existing IPP
Turkey
●TSL for Renewable Energy-Related Project
●Export for Ports Facility Construction and
Expansion Project
■Export for Geothermal Power Plant Project
●●■
Latin American and Caribbean region
●TSL for Renewable Energy-Related Project
●■■
China ●Equity Participation in Environmental Fund
■
Vietnam
■Export of Gas-fired Power Generation Plant
■Super Critical coal-fired Power Plant Expansion
■
■
■: Power
●: Water
●:Transport Infrastructure
(ports, railways, roads, etc.)
●: Broadcasting, Telecommunication
●: Renewable Energy
★: Others
★Infrastructure Fund Focusing on North America and European Countries
■
●
UK
●Intercity Express Program
●Offshore Wind Power Generation
Project S
Venezuela ●Exports of Railway Cars
Canada ●Renewable Energy Power Generation
Russia■Power Transformer Manufacturing and Sales Project
★Infrastructure Fund Focusing on Southeast Asian Emerging Countries
Saudi Arabia
■Export for
Oil Thermal Power Plant
Kuwait
■●Power and Desalination Project
Malaysia ●TSL for Renewable
Energy-Related Project
Ecuador ●Export for Terrestrial Digital
Broadcasting Project
Laos
●Hydro Power Plant Project
Hydro Power
Plant Project
●
Myanmar ★Establishing Vehicle to
Promote Private Sector Projects
★Dawei SEZ development
project
★
●
Uzbekistan ●Export of Terrestrial
Digital Broadcasting
Equipment
●
As of June 2016
Morocco
■Export of Gas-fired
Power Generation Plant
■Thermal Power Generation
Tanzania ■ Gas-Fired Combine Power
Plant Construction
■
Iceland
●Geothermal Power Plant
Bangladesh ■Export of Combined Gas-fired Power Plant
Angola ●Export of Communication Equipment
●
Netherlands
●Offshore Wind Power Generation
Major Projects (Infrastructure)
to reduce
fiscal
expenditure
EPC Finance
(Export Loan)
Public Private Partnership
(PPP)
Implementation under low oil price
Visions
• UAE Vision 2021
(Abu Dhabi Vision 2030)
(Dubai Plan 2021/2030)
• Saudi Vision 2030
• Qatar Vision 2030
• Kuwait Vision 2035
• Oman Vision 2020
• Bahrain Vision 2030
Low Oil Price
& Commercial Lenders
& Commercial Lenders
13
Information contained in this presentation may be subject to change without notice and may
at any time be superseded. JBIC and/or any person accept no liability whatsoever for any
direct, indirect or consequential loss of any kind arising out of the presentation and its
materials, or relevant financial advisory services.
All rights reserved. No part of the materials may be reproduced, stored, or transmitted in any
form or by no means, electronic, mechanical, photocopying or otherwise, without the prior
consent of JBIC.
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