Turkey’s Hattat Holding is trying to raise finances for more than $4 b worth of energy projects, the chairman of Hema Endustri group Ibrahim Hattat announced.

Negotiations were being conducted with institutions on “partial” financing, reported Reuters.

According to Trade Arabia, Ibrahim Hattat was speaking just after the signing of a long-term syndicated loan between Hema Endustri and Credit Suisse.

The finances were to the tune of $284 m, directed however at the group’s automotive and industrial facilities.