Palestine and the Islamic Development Bank sign four agreements worth $33 million

RAMALLAH, Wednesday, 12th January, 2022 (WAFA) — Under the patronage and in the presence of Prime Minister Mohammed Shtayyeh, the Ministry of Local Government today signed four agreements with the Islamic Development Bank worth around 33 million U.S. dollars.

The agreements were signed by local government minister Magdi al-Saleh and Islamic Bank adviser in the West Bank and Jerusalem, Ikhlas Al-Ratrout.

One of the deals aims to support infrastructure projects for a number of local authorities in the West Bank, Gaza Strip and Jerusalem, worth around US$26 million, while another agreement worth 3.5 million US dollars was signed to support infrastructure projects. in refugee camps.

A third agreement worth $2 million for the implementation of a project to equip and furnish a maternity ward in the Shifa medical complex in Gaza was also signed.

The fourth agreement, which aims to restore, rehabilitate and maintain the buildings of the old city of Hebron, worth US$1 million, was also signed by the Mayor of Hebron, Taysir Abu Sneina, with a representative of the Islamic Development Bank.

“What distinguishes these projects is that their funds are allocated from Arab funds… I hope that the authorities who will implement the projects will speed up their implementation as much as possible,” the Prime Minister said during of the signing ceremony.

Shtayyeh thanked Arab funds and the Islamic Development Bank in Jeddah for their continued support to Palestine, noting that the projects will be devoted to roads, the health sector and the reconstruction of the old city of Hebron, to strengthen the firmness of our people in all governorates.

He pointed out that a set of projects financed by the Arab Fund in Kuwait will be announced soon.


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