{"id":70802,"date":"2023-05-16T00:00:00","date_gmt":"2023-05-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/isdb-signs-financing-agreements-for-transport-infrastructure-projects-plus-ksa-boosts-grain-storage-capacity-adib-meydan-fz-ink-mou\/"},"modified":"2023-05-16T00:00:00","modified_gmt":"2023-05-16T00:00:00","slug":"isdb-signs-financing-agreements-for-transport-infrastructure-projects-plus-ksa-boosts-grain-storage-capacity-adib-meydan-fz-ink-mou","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/16\/isdb-signs-financing-agreements-for-transport-infrastructure-projects-plus-ksa-boosts-grain-storage-capacity-adib-meydan-fz-ink-mou\/","title":{"rendered":"IsDB signs financing agreements for transport, infrastructure projects. PLUS: KSA boosts grain storage capacity, ADIB + Meydan FZ ink MoU"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DEVELOPMENT FINANCE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">IsDB signs USD 5.4 bn development finance agreements: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.isdb.org\/\" style=\"\">The Islamic Development Bank<\/a><\/span><span style=\"\"> (IsDB) <\/span><span>has signed financing agreements worth USD 5.4 bn with 24 of its member countries, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/1851a64779e\" style=\"\">Saudi Press Agency<\/a><\/span><span> (SPA). <\/span><span>The agreements, which were signed at the IsDB\u2019s annual meetings, cover the areas of transportation, healthcare, agriculture, food security, small and medium enterprises, education, and humanitarian support, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabnews.com\/node\/2303176\/business-economy\" style=\"\">Arab News<\/a><\/span><span> quotes IsDB Chairman Mohammad Al Jasser as saying. The IsDB also launched six sustainable development projects worth more than USD 558 mn for developing infrastructure for its member states. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">STORAGE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">New facility gives major boost to KSA\u2019s grain storage capacity: <\/span><span style=\"\">Saudi Arabia\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sago.gov.sa\/\" style=\"\">General Food Security Authority (GFSA)<\/a><\/span><span style=\"\"> has completed construction of a new grain storage facility that will significantly increase the country\u2019s storage capacity, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3OaNehL\" style=\"\">Argaam<\/a><\/span><span style=\"font-weight:400;\"> reports. The new complex will boost KSA\u2019s grain storage capacity by 40%, from 2.5 mn tonnes in 2016 to 3.5 mn tonnes at present. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.adib.eg\/\" style=\"\">Abu Dhabi Islamic Bank<\/a><\/span><span style=\"\">(ADIB) will offer<\/span><span style=\"font-weight:700\"> SMEs <\/span><span style=\"\">with<\/span><span style=\"\">trade licenses<\/span><span style=\"font-weight:700\"> based <\/span><span style=\"\">in <\/span><span>the UAE\u2019s<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.meydanfz.ae\/\" style=\"\">Meydan FreeZone<\/a><\/span><span style=\"font-weight:700\"> streamlined banking services <\/span><span>under a new agreement. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/details\/1395303158039\" style=\"\">WAM<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DEVELOPMENT FINANCE- IsDB signs USD 5.4 bn development finance agreements: The Islamic Development Bank (IsDB) has signed financing agreements worth USD 5.4 bn with 24 of its member countries, according to the Saudi Press Agency (SPA). The agreements, which were signed at the IsDB\u2019s annual meetings, cover the areas of transportation, healthcare, agriculture, food security, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":70803,"comment_status":"","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":[63],"tags":[62,109,17,588],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-70802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-development-finance","tag-enterprise-logistics","tag-storage","wpautop","entry"],"acf":{"mongo_id":"f48a92ba-a862-49af-abb5-4638cd020e90","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/849.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IsDB signs financing agreements for transport, infrastructure projects. PLUS: KSA boosts grain storage capacity, ADIB + Meydan FZ ink MoU","related_issue":[70786],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.8fc1f5fc-9734-4deb-aada-7bcd15d5f07d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IsDB signs financing agreements for transport, infrastructure projects. 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