IDB signs two Agreements for US$169 million with Egypt |
|
Text Size 
Jeddah, November 30, SPA -- The Islamic Development Bank (IDB)Islamic Development Bank (IDB)
signed recently two agreements with Egypt to provide US$169 million to finance two projects for electricity and bird flu vaccine production. The agreements were signed in Cairo by Dr Ahmad Mohamed Ali, IDBIDB
President and Fayza Abu Al-Naga, Egypt's Minister for International Cooperation. Prime minister Dr Ahmed Nazeef and Dr Osman Mohamed Osman Minister of Economic Development and Egypt's Governor at IDBIDB, attended the signing ceremony. Under the first agreement, IDBIDB
will provide US$159 Million to help finance Abu Qir power station to meet growing electricity demand. Dr Ali commented that the project is one of the biggest in which IDBIDB
participates and expressed hope of continuous cooperation with Egypt. For the bird flu project, which will produce vaccine, IDBIDB
is providing US$10 million. Total IDBIDB
finances in Egypt so far amounted to US$2.8 billion covering 226 operations in various fields in agriculture, industry, education, and capacity building, according to a latest press release of IDBIDB.
© Saudi Press Agency 2008
Community Comments (0) - 
Comment on this article 
Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
Loading ...
Zawya Comment Policy:
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Community Buzz
Stories
Companies
Most viewed companies by Community in the last 24 hrs
| Company Name | Country | Industry |
| Qatari Diar Real Estate Investment Company | Qatar | Landlords and Developers |
| Zuhair Fayez Partnership | Saudi Arabia | Construction and Design |
| Mubadala Development Company | UAE | Investment Firms and Funds |
| ANC Holdings | UAE | Multi-line |
| Al Rajhi Investment Group | Saudi Arabia | Investment Firms and Funds |
| Nakheel | UAE | Landlords and Developers |
| International Petroleum Investment Company | UAE | Investment Firms and Funds |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Emaar Properties | UAE | Landlords and Developers |
| Abu Dhabi Investment Authority | UAE | Investment Firms and Funds |
Projects
Most viewed projects by Community in the last 24 hrs
| Project Name | Country | Sector |
| Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| QP - Al Shaheen Refinery | Qatar | Oil and Gas |
| Qatalum Aluminum Smelter | Qatar | Industry |
| Qatar Foundation - Sidra Hospital | Qatar | Real Estate |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |
| WDEPC - Abu Qir Power Plant Expansion - Civil Works | Egypt | Power and Water |
| KNPC - Al Zour Refinery | Kuwait | Oil and Gas |
| Saadiyat Island Development - Saadiyat Resort and Beach Residences (Phase 1) | UAE | Real Estate |
| IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) | UAE | Oil and Gas |
| Abu Dhabi Municipality - Salam Street and Mina Road Development | UAE | Infrastructure |