Jeddah: The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved a new package of projects totaling approximately $1.365 billion to support 12 member countries during the 363rd session of the BED, chaired by IsDB President Muhammad Al Jasser.
According to Saudi Press Agency, the BED session approved 14 financing operations to support development projects, including renewable energy, cross-border power networks, major transport corridors, water and agricultural security, and education and health services. These initiatives aim to enhance economic resilience, improve access to essential services, and advance progress toward achieving the Sustainable Development Goals (SDGs).
The approvals included funding of pound 306.89 million for the Godomey-Ouidah-Hillacondji Road Capacity Expansion and Upgrading Project in Benin, aimed at enhancing a strategic section of the Abidjan-Lagos corridor.
Côte d’Ivoire also received pound 200 million to upgrade the Tafiré-Ferkessédougou section of
the A3 highway, boosting trade and mobility between the central and northern regions and neighboring landlocked countries.
Funding of $180.72 million was also approved for the King Faisal Highway Upgrade Project in Bahrain’s Manama, aimed at reducing traffic congestion and improving urban transport flow. Moreover, Lebanon received $13.50 million to construct the Bqerqasha Diversion and upgrade the Bqerqasha-Bcharre road, enhancing road safety and accessibility for local communities.
In the energy sector, Uzbekistan will receive total financing of $110 million for photovoltaic solar and battery storage projects at the Samarkand I and Samarkand II facilities, enhancing the capacities of the national grid.
The IsDB also approved funding of pound 55.19 million for Mauritania to connect its power networks to Mali and support related solar power plants, providing cleaner, more reliable electricity to local communities.
In the field of water and food security, the IsDB approved financing of pound 188.82 million
in Morocco for the Mitigating Water Stress Project, including the construction of dams and related works to secure water supplies and transfer surplus water from northern basins to the more water-stressed southern regions. In addition, pound 18.23 million was approved for a project in Morocco to develop the value chain for inland aquaculture.
In Sierra Leone, the IsDB allocated pound 25.93 million for the Freetown WASH and Aquatic Environment Revamping Project to improve water and sanitation services in Greater Freetown and restore key watershed areas.
Meanwhile, Cameroon received pound 36.66 million for the Sustainable Irrigation and Agricultural Value Chain Development Project, which supports climate-resilient irrigation and enhances rural infrastructure.
In Jordan, the Rural Employment and Agricultural Growth Program (HOPE) received $11.25 million in financing to support rural jobs and agricultural productivity, with a focus on women and youth through improved access to finance and skills development, a
s well as strengthened market linkages.
The BED also approved targeted investments in health and human capital development. In Mauritania, pound 61.41 million was allocated to establish a Referral Hospital for Maternal, Neonatal and Child Health in Nouakchott. This 440-bed facility will expand access to specialized care for women and children.
Additionally, Tajikistan will receive $13.95 million to finance the Tourism Business Education Development Project that aims to upgrade tourism and hospitality education and strengthen a national center that will serve as a regional hub for training with a focus on Halal tourism. Pakistan will also receive $10.00 million from the Islamic Solidarity Fund for Development (ISFD) to support the Out-of-School Children Project in Azad Jammu and Kashmir, aimed at restoring the right to education for out-of-school children in the region.
These approvals reflect the IsDB’s ongoing commitment to supporting member countries in bridging infrastructure gaps, expanding access to e
ssential social services, accelerating energy-sector transformation, and promoting inclusive and sustainable development.
