Saudi Arabia can expect a third of the contract awards in the Middle East’s real estate sector. The Middle East’s real estate sector will account for 53% of all project awards during 2023.
ABiQ outlines how global economies depend on the United Arab Emirates (UAE) oil fields. The UAE is made up of seven emirates, including: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain.
According to a US State Department September 2022 press release, the government of the Federal Republic of Nigeria has signed a letter of intent with seven companies in Lagos.
According to an International Monetary Fund (IMF) September 2022 press release, the IMF will disburse SDR 24.44 million (approximately US$31.9 million) to the Republic of Madagascar.
According to an African Development Bank (AfDB) September 2022 press release, the AfDB and Portugal have signed a €400 million guarantee agreement to finance private sector initiatives and public-private partnership (PPPs) projects in Portuguese-speaking African member countries.
According to an International Monetary Fund (IMF) August 2022 press release, the Fund’s Executive Board recently approved a 38-month SDR 978.2 million (US$1.3 billion) Extended Credit Facility (ECF) arrangement for Zambia.
The International Finance Corporation (IFC) is investing $4.5 million in Agro Bar Magen Nigeria to build the country’s first salt and mineral block licks production plant.
The International Finance Corporation (IFC) celebrates a successful 60 year partnership with Tunisia during August 2022. The IFC has investments worth $1 million in key sectors of the economy.
According to an Emirates Development Bank (EDB) July 2022 press release, the bank, in partnership with Future Factory, has launched a new initiative to provide free consultancy services to SMEs in the UAE operating in the manufacturing, advanced technology, infrastructure, healthcare, and food security sectors.
According to an Afreximbank August 2022 press release, the GasMeth compressed natural gas project in Rwanda is estimated to be worth over USD 300 million.
According to a European Bank for Reconstruction and Development (EBRD) August 2022 press release, the Green Climate Fund (GCF) and the EU have approved for its local partner, Jordan’s Microfund for Women (MFW), a US$2.225 million Green Economy Finance Facility (GEFF) for micro, small and medium-sized enterprises (MSMEs) to promote green energy transition investments.
According to an Afreximbank August 2022 press release, Afreximbank, Ecobank Togo, and BIA Togo have signed a credit agreement worth €145 million for the construction of the Adétikopé Industrial Platform infrastructure.
According to an African Development Bank (AfDB) August 2022 press release, addressing the delays in AfDB-funded projects in Uganda and accelerating project implementation will now be possible.
According to an August 2022 International Finance Corporation (IFC) press release, energy supplier, Zener SA will receive €16.2 million from the IFC to promote affordable and clean energy in Togo by helping the country build more liquefied petroleum gas (LPG) storage terminals and equip more filling stations with LPG cylinders and solar kits.
Egypt is most certainly open for foreign investment. As part of the country’s attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries.
According to an International Finance Corporation (IFC) August 2022 press release, small and medium-sized enterprises (SMEs) and women-led businesses in West Africa will receive a financial boost through the Uhuru Growth Fund I that provides them with growth capital.
Export Bahrain has signed a Memorandum of Understanding with the Bahrain Development Bank (BDB). According to a July 2022 BDB press release, the MOU will provide further export services to Bahrain-based companies in the form of preferential rates when obtaining financial support.
Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
Nafasi Water desalination projects in Namibia serve a critical need. Namibia has a population of over 2.5 million people, and is grappling with a national water crisis, as a result of severe droughts.
The Abu Dhabi Exports Office (ADEX) has released further credit funding for the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID).
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