IDB arm invests $490m

The Islamic Corporation for the Development of Private Sector, an affiliate of Jeddah's Islamic Development Bank, has invested around $490m over the past six years in a variety of projects worth a total of $3bn, reported Gulf News. CEO Ali Abdul Aziz Sulaiman told the Dubai based daily the projects covered sectors such as telecommunications, industry and other services in countries such as Pakistan, Sudan, the UAE and Yemen.

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