Cairo – Mubasher: The Islamic Development Bank (IsDB) has invested about $12.8 billion in 338 projects in Egypt in several sectors such as energy, industry, mining, agriculture, health and social services, trade, import of strategic commodities, and education, the bank’s president Bandar Hajjar revealed.
Moreover, Egypt is also cooperating with private-sector institutions affiliated to IsDB with a total funding of about $9.6 billion, the country’s minister of trade and industry Nevine Gamea said in a statement on Monday.
The latest funding was a $200 million facility provided to the General Authority for Supply Commodities (GASC), she added.
IsDB’s president further revealed that the bank allocated $2.3 billion in aid package to support member countries amid the coronavirus (COVID-19) crisis.
