Image Courtesy: IsDB Group

Islamic Finance

IsDB approves $225m to finance new energy, infrastructure projects


The Islamic Development Bank (IsDB) has approved approximately $225 million in funds to finance two projects that focus on socio-economic development and sustainability. 

Nigeria secured a $125 million financing package to contribute to the Abia State Integrated Infrastructure Development Project to ensure safe, accessible transportation. 

The undertaking aims to reduce commuting time and costs along key roads, as well as enhance access to markets and social services for local communities. 

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tags:

Infrastructure
Malaysia
Energy
NEOM Project
Nigeria