Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

syria

IDB Agrees To Lend Syria 100Mn For Power Project

The Islamic Development Bank (IDB) will lend Syria 100mn to part finance the expansion of the Dair 'Ali power generation plant, under an agreement signed in Damascus on 24 May by Syrian Finance Minister Muhammad al-Husain and the IDB Chairman Ahmad Muhammad 'Ali. The expansion project, which will raise the plants capacity by 750mw, is co-financed by a loan of 275mn from the European...