Once completed, this new multi-purpose dam will enhance energy generation and provide sustainable water resources for agriculture and human consumption in KP, thus uplifting the livelihoods of marginalized communities, while improving the region's resilience to floods.

The Operations Team from Islamic Development Bank (IsDB) Group Regional Hub Turkey (RHT) holds a technical meeting to discuss the plans and progress for co-financing and joint processing of the Mohmand Dam and Hydropower Project (MDHP) in Pakistan, with representatives of Arab Coordination Group (ACG) members, namely Kuwait Fund for Arab Economic Development (KFAED), OPEC Fund for International Development (OFID), and Saudi Fund for Development (SFD).

To underscore the importance of the role of the private sector in sustainable development, job creation and promotion of investment and trade amongst Member Countries of the Islamic Development Bank (IsDB) Group, an Agency Agreement has been signed between IsDB and the Islamic Corporation for the Development of the Private Sector (ICD) to benefit from the IsDB Group Business Forum – THIQAH.

President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries to restore their economies and recover from the negative impacts resulting from the ongoing COVID-19 pandemic.

President of Islamic Development Bank (IsDB), Dr. Bandar Hajjar, and the Federal Minister for Energy (Power Division), Pakistan, Mr. Omar Ayub Khan, in a high-level virtual event have inaugurated the construction of the 113 kilometer electricity transmission lines from Pak-Afghan border to Nowshera under the South Asia Central Asia Regional Trade and Transmission Project (CASA-1000).

The headquarters of the Islamic Development Bank (IsDB), in the city of Jeddah, plays host to a high-profile meeting between the visiting Foreign Minister of Afghanistan H.E. Mohammad Haneef Atmar and IsDB President, Dr. Bandar Hajjar.

A USD 100 million Murabaha financing agreement is signed between IsDB and Turk Eximbank to support Turkish exporters

The Islamic Development Bank, the main financier of the Konya-Ankara High Speed Train, is now joining hands with its major Turkish development partners, for financing Konya’s Suburban Railway Project which is to connect major suburban industrial zones to the city center.