Jeddah bank to fund Gaza reconstruction projects
Published Saturday 09/03/2013 (updated) 10/03/2013 19:20
GAZA CITY (Ma’an) – The Jeddah-based Islamic Development Bank has allocated $79.9 million to fund a new package of reconstruction projects in the Gaza Strip.
The IDB is in is in charge of Gaza reconstruction projects on behalf of the Gulf Cooperation Council.
Field coordinator Rifaat Diab told Ma’an that the new fund is a sixth package which the IDB started after the latest Israeli military offensive against the Gaza Strip. He highlighted that with the new package the GCC have donated $367.1 million to Gaza reconstruction projects.
According to Diab, the new fund will cover educational, health and infrastructure projects.