Saudi Arabia Isdb Tender

The Islamic Development Banks IsDB Board of Executive Directors approved a total of US 1.12 billion for development projects financing in various sectors in 9 member countries as well as US 1.79 million grant for a number of other projects including market access readiness in the Republic of Yemen and special assistance grants to Muslim communities in 3 non-member countries during its 347th session held today at the Banks Headquarters in Jeddah Kingdom of Saudi Arabia.During the session chaired by H.E. Dr. Muhammad Al Jasser President of the IsDB and Chairman of IsDB Group the Honorable members of the Board of Executive Directors considered and approved projects in the key sectors such as food security health transport energy urban development education water and sanitation.They also deliberated on the existing financing gaps in key energy infrastructure needs in some of the member countries and accordingly approved two projects under the Public Private Partnership PPP modality for the Republic of Uzbekistan and the Republic of Uganda. The governments in these countries are using PPP financing as a mechanism to attract private sector investment and expertise to deliver improved public services and accelerate economic growth.The EUR 100 million Surkhandarya Combined Cycle Power Plant Project for the Republic of Uzbekistan is expected to meet the growing demand for the countrys energy consumption and substitute the aging and inefficient fleet of gas-fired thermal power plants. In the Republic of Uganda the financing of US 100 million part of the Islamic tranche will enable the country to untap its oil reserves and export oil to international markets through a 1443 km cross-border buried-heated crude oil pipeline.Cognizant of the importance of sustainable and efficient transport systems in enhancing socio-economic development the Bank approved a total of US 601.7 million as sovereign financing in transport projects in Guyana US 200 million Uzbekistan US 106.7 million and Uganda US 295 million. These projects are expected to enhance access to state-of-the-art infrastructure facilitate access to markets for farmers and traders and reinforce regional integration and tourism for the member countries.In the Health sector sovereign financing of EUR 205 million was approved for the Strengthening of the National Referral Hospital on Oncology Center for the Republic of Indonesia. By modernizing six national referral hospitals in the country the project aims to improve the availability accessibility quality and delivery of oncology services for children and adults.Furthermore the Board approved other key proposals namely the debt restructuring of Queen Alia International Airport QAIA in the Hashemite Kingdom of Jordan as well as the modification of the mode financing of the approved installment sale financing to Commodity Murabaha for the 300-bed hospital project in Kaduna State Nigeria.For providing market access readiness in key economic trade sectors in the Republic of Yemen the Board approved US 1 million in grants. This program will improve market access by tackling existing gaps in the selected trade sectors namely Onion Honey and Coffee.To support educational infrastructural needs of Muslim communities in some non-member countries a grant package of US785000 was approved for projects in Zambia India and Bosnia. These funds are primarily earmarked for the expansion of school facilities in response to the high demand from students. The funds will also be used to enhance the provision of quality education as well as to enhance the skills of the youth of Muslim communities through technical training aimed at improving their economic and social inclusion.The comprehensive list of all projects and proposals approved by the IsDB Board is provided belowSovereign Financing ProjectsThe Islamic Republic of MauritaniaIsDBs contribution is EUR 37.87 million for Kiffa Water Supply Project.The Project objective is to increase access to improved water services in selected rural areas and small towns. In addition to generating nearly 3000 new jobs and improving the standard of living in the project area the major objective of the project is to increase access to improved water services in some rural regions and small towns in the wilayas of Guidimakha and Assaba until 2035.The Republic of UzbekistanIsDBs contribution is US 106.7 million for Reconstruction and Upgrading of M39 Road 1255-1315kmThe Project objective is to improve the efficiency of the road transport infrastructure and ensure the safe movement of goods and people along the project road section. To reach this objective the project will reconstruct and upgrade 63 km of road install Weigh in Motion WIM systems for dynamic weight and dimension control as well as carry out various capacity development activities to enhance road transport planning.The Republic of DjiboutiIsDBs contribution is US 15 million for Slum Upgrading and Integrated Urban Development Project in Djaga BouldhouqThe Project objective is to contribute to the National Zero Slum Program and Housing Strategies aimed at improving human development and economic empowerment through enhanced access to urban services for poor households in the target slum neighborhoods of Djaga-Boudhouq Djibouti.The Republic of GuineaIsDBs proposal is for additional financing of US 26.29 million for the Rehabilitation and Expansion of the Conakry Electricity Distribution Network Phase II Project.The proposed project aims to improve the reliability of the network and the financial and technical performance of the electricity company EDG by increasing the grid efficiency the collection rate and expanding access to electricity in Conakry.