The Jeddah-based Islamic Development Bank (IDB) approved $987 million in funds for supporting economic and social development projects and programs in its member countries, in addition to grants for Muslim communities in non-member countries, according to Emirates News Agency.
For his part, IDB’s President Ahmad Mohamed Ali Al Madani said the funds approved by the bank at a recent meeting include $176 million for Oman, $100 for Uzbekistan, $179,3 for Cameroon, $26.7 million for Lebanon, $20 million for Yemen and $10 million for Uganda.
Al Madani added that Egypt alone received $198 million for the development of develop Assiut Oil Refinery and $226,8 for the development of Sharm El Sheikh International Airport.