Islamic Development Bank launches Saudi-backed $100m fund in Uzbekistan
Published 02 Sep,2021 via Arab News - Economy DUBAI - The Islamic Development Bank is launching an economic development fund in Uzbekistan, which is backed by Saudi investors.
The fund has an initial capital of $100 million, and will target 34 micro, small, and medium enterprises.
It is also expected to generate 100,000 jobs, and help address poverty in the country.
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