IDB finances Egyptian projects worth $424.8M

GMT 00:46 2014 Wednesday ,27 August

Arab Today, arab today IDB finances Egyptian projects worth $424.8M

Islamic Development Bank
Jeddah - MENA

The Islamic Development Bank (IDB) will finance two projects in Egypt worth USD 424.6 million.
The funds will go to the development of Sharm el-Sheikh Airport and Assuit refinery.
The announcement came during the meeting of the IDB's board in the Red Sea city of Jeddah, as it discussed channeling a new tranche worth $987 millions for development projects in the IDB's member states.


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