2004 News Story

IDB extends grant for development of Hail Province

The Islamic Development Bank (IDB) has extended a technical assistance grant of SR1 million [U.S. $266,000] to the Higher Commission for the Development of Hail Province. This amount is part of the $362 million approved last week at IDB’s 224th board of directors meeting for project financing, trade operations and special assistance programs. The board also decided to submit to the IDB Board of Governors meeting in Tehran on September 14-15 a draft resolution on the need to increase trade among member countries of the Organization of the Islamic Conference (OIC).