We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Fri 2 Jul 2010 05:50 PM

Font Size

- Aa +

IFC to focus on inv’t in agriculture in Arab states

International Finance Corp plans to support agricultural projects to help boost food production.

IFC to focus on inv’t in agriculture in Arab states
(Getty Images)

The International Finance Corp plans to focus on supporting investment in agricultural projects in Arab countries to help boost food production, a senior manager at the World Bank unit said.

“We’ve been giving a great emphasis to infrastructure and financing projects in past years, now we want to fund more agricultural projects,” Walid Al Murshed, Saudi country for the IFC, said in a telephone interview on Friday.

The IFC invested around $2 billion to support foreign direct investment between Arab countries over the past three years, he added.

Around 39 percent of the investment was directed to infrastructure projects and 38 percent went to financial investment, Al Murshed said.

Arabian Business: why we're going behind a paywall

For all the latest Saudi Arabia news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.