The money will be stumped up by Qatari bank Masraf Al Rayan, with QST chief executive Khalid Klefeekh Al-Hajri calling the deal “a major step in the development of a new industry” for Qatar, the world’s largest exporter of liquefied natural gas.

QST did not provide an updated timeline for the polysilicon foundry, and did not immediately respond to request for comment.

However,