IslamicFinance.de

The World Bank Group, in partnership with the Islamic Development Bank (IDB), is setting up a regional initiative that could raise up to $1 billion to close the Mena infrastructure gap, which will undermine the region's growth if not addressed.
Private sector investment in infrastructure in Mena countries is limited, especially outside the Gulf countries, despite huge unmet demand for infrastructure services.
The $1 billion initiative aims at addressing this shortfall through a regional investment vehicle to support both conventional and Sharia-compliant investment in infrastructure.