Saudi Oger is planning to raise a $2 billion syndicated loan, Reuters reports. The Saudi Arabia construction company seeks to use the proceeds to fund the construction of police training facilities in the region.

Deutsche Bank is in discussions with small group of banks and lenders to form a lead group for a club-style syndication. Riyadh-based Saudi Oger last secured a loan from Credit Agricole in August last year for $250 million that is due to mature in December 2014.

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