{"id":542756,"date":"2022-01-16T03:59:25","date_gmt":"2022-01-16T03:59:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/"},"modified":"2022-01-16T03:59:25","modified_gmt":"2022-01-16T03:59:25","slug":"apicorp-and-isdb-launch-usd-1-bn-infra-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/","title":{"rendered":"APICORP and IsDB launch USD 1 bn Infra Initiative"},"content":{"rendered":"

<\/a> Apicorp<\/strong> and IsDB launch USD 1 bn Infra Initiative: <\/strong>Arab Petroleum Investments<\/a>Corporation (Apicorp)<\/a> and the Islamic Development Bank (IsDB)<\/a> have launched a three-year, USD 1 bn initiative for private-sector focused infrastructure financing in countries including Egypt, according to a statement<\/a>.<\/p>\n

Who\u2019s in line for funding?<\/strong> The Infra Initiative will finance renewable projects in electricity generation and transmission, water, and waste management in APICORP\u2019s ten member countries, all of whom are also IsDB members: Egypt, Kuwait, Libya, Saudi Arabia, Qatar, Algeria, Iraq, Bahrain, Syria and the UAE. Projects with private-sector involvement will be at the top of the priority list. Projects elsewhere within the 57 Organization of Islamic Cooperation countries will also be considered, if they are sponsored by a company headquartered in one of these ten countries.<\/p>\n

The initiative aims to drive PPPs in energy projects.<\/strong> Infra is designed \u201cto address low private sector participation in funding energy projects by incentivizing public-private partnerships (PPPs),\u201d the statement reads. The initiative also hopes to mobilize financing for PPP projects from commercial and multilateral banks, development agencies and capital markets.<\/p>\n

Background: <\/strong>Egypt holds a 3% stake in APICORP, which is a multilateral development institution targeting the development of renewable energy in oil-exporting nations, and a USD 3.6 bn capital subscription in IsDB, equivalent to nearly 7.1% of the bank\u2019s total capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apicorp and IsDB launch USD 1 bn Infra Initiative: Arab Petroleum InvestmentsCorporation (Apicorp) and the Islamic Development Bank (IsDB) have launched a three-year, USD 1 bn initiative for private-sector focused infrastructure financing in countries including Egypt, according to a statement. Who\u2019s in line for funding? The Infra Initiative will finance renewable projects in electricity generation […]<\/p>\n","protected":false},"author":1,"featured_media":542757,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[403,101,72,7111,404],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-apicorp","tag-development-finance","tag-enterpriseam","tag-infrastructure","tag-public-private-partnership","wpautop","entry"],"acf":{"mongo_id":"0dc2ff5a-4f65-4c2f-9230-dbf83280bd81","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/172.jpg","photo_position":"above","related_issue":[542748],"teaser":"","voice_url":""},"yoast_head":"\nAPICORP and IsDB launch USD 1 bn Infra Initiative - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APICORP and IsDB launch USD 1 bn Infra Initiative\" \/>\n<meta property=\"og:description\" content=\"Apicorp and IsDB launch USD 1 bn Infra Initiative: Arab Petroleum InvestmentsCorporation (Apicorp) and the Islamic Development Bank (IsDB) have launched a three-year, USD 1 bn initiative for private-sector focused infrastructure financing in countries including Egypt, according to a statement. Who\u2019s in line for funding? 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However, we have plenty to read, bing watch, football to carry you to the weekend, so read up.Macro Group\u2019s shares are officially listed on the EGX today under the stock ticker MCRO.CA after receiving the green light\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586710,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/al-baraka-bank-secures-usd-30-mn-in-green-funding-from-isdb-plus-italy-debt-swap-agreement-extension\/","url_meta":{"origin":542756,"position":1},"title":"Al Baraka Bank secures USD 30 mn in green funding from IsDB. PLUS: Italy debt swap agreement extension?","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Green SME-led projects to receive funding from IsDB: Al Baraka Bank Egypt will receive USD 30 mn in sharia-compliant funding from the Islamic Development Bank (IsDB) for on-lending to green projects, the bank said yesterday. The five-year financing agreement was signed with the IsDB\u2019s private-sector development arm during its annual\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/864.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599099,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/sherif-ayoub-appointed-cfo-at-apicorp\/","url_meta":{"origin":542756,"position":2},"title":"Sherif Ayoub appointed CFO at Apicorp","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"MOVES- Sherif Ayoub (LinkedIn) has been appointed chief financial officer of the Arab Petroleum Investments Corporation (Apicorp), the company said in a statement (pdf). Ayoub, an Egyptian, joined Apicorp from the Islamic Development Bank (ISDB), where he oversaw policy priorities and operations related to treasury, investment, financial control, budget, performance\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594143,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/islamic-development-bank-launches-usd-500-mn-fund-for-egyptian-startups\/","url_meta":{"origin":542756,"position":3},"title":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups: The Islamic Development Bank (IsDB) has set up a USD 500 mn fund to support youth-led startups through the Investment Ministry\u2019s Egyptian Entrepreneurship Investment Company (Egypt Ventures) and ministry-supported startup accelerator Falak, according to an Investment Ministry statement. Investment\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2476.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638847,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/16\/isdb-to-develop-usd-3-bn-cooperation-strategy-with-egypt-el-garhy-meets-with-jp-morgan\/","url_meta":{"origin":542756,"position":4},"title":"IsDB to develop USD 3 bn cooperation strategy with Egypt, El Garhy meets with JP Morgan","author":"enterpriseam admin","date":"16 October 2017","format":false,"excerpt":"The Islamic Development Bank (IsDB) is developing a new cooperation strategy with Egypt worth USD 3 bn for 2018-2020, President Bandar Hajjar told Investment Minister Sahar Nasr. Hajjar and Nasr discussed setting up a branch for IsDB in Cairo and to increase its support of projects in Egypt, besides promoting\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571129,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/30\/apicorp-to-support-member-countries-with-usd-500-mn-covid-19-recovery-funding\/","url_meta":{"origin":542756,"position":5},"title":"Apicorp to support member countries with USD 500 mn \u2018covid-19 recovery\u2019 funding","author":"enterpriseam admin","date":"30 April 2020","format":false,"excerpt":"Egyptian companies will be among the beneficiaries of USD 500 mn in covid-19 recovery funding from Apicorp: The Arab Petroleum Investments Corporation (Apicorp) has announced a USD 500 mn funding package to help its clients in the energy sector cover shortfalls caused by the covid-19 pandemic and the collapse in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542756"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542756\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542757"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542756"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542756"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}