gulf states should consider providing guarantees on loans to the real estate industry if bank credit dries up, bahraini finance minister sheik ahmed bin mohammed al-khalifa told delegates at the meed project finance conference in bahrain yesterday. he said the governments would charge a fee for providing the guarantees in a similar way that commercial banks do, he was quoted as saying by bloomberg. governments should also consider using their wealth funds to provide direct financing to real estate projects, he added.
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