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Islamic Development Bank to finance 752.5-mln-USD development projects

Souce:Xinhua Publish By Updated 14/11/2012 4:35 pm in World / 1 comment


RIYADH, Nov. 13 — The Islamic Development Bank in Jeddah, Saudi Arabia, approved this week the financing of some development projects valued at 752.5 million U.S. dollars across the globe, the Saudi News Agency reported Tuesday.

The bank will provide 250 million U.S. dollars for the second phase of the construction of a power station in Egypt, said the report.

The bank will also provide 277 million U.S. dollars to assist Pakistan’s efforts to fight polio and 50 million U.S. dollars to improve the Yemeni job market for young people.




  1. avatar Dialus says:

    These kinds of projects must be encouraged by banks in order to maintain the developments as well to improve the economy.


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