Tuesday, 02 January 2024 12:17 GMT
عربي


               US          Europe          Arab          Asia          Africa    
|      Politics          Economy     Oil&Energy         
                 Entertainment          Sport
IsDB to inject USD3bln in Egypt's developmental projects

IsDB to inject USD3bln in Egypt's developmental projects


2018-04-07 07:43:48
(MENAFN) A new agreement has been signed between the Egyptian minister of investment and international cooperation and the Islamic Development bank (IsDB) Group on a new strategic partnership, including establishing a new regional office in Egypt.

The IsDB is set to inject USD3 billion between 2018 and 2020, to back a number of developmental projects in Egypt.

Bank's president, Bandar Hajjar, stressed the commitment of the IsDB to support the investment environment in Egypt.

The two sides also agreed to invest in developmental projects in Sinai, in the fields of water desalination, as well as creating a USD500 million find to support small and medium sized projects.

MENAFN0704201800450000ID1096705867

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Tags

Label

Comments

No comment

Category

Date

More Story

Search