Islamic Development Bank approves $344.5 mln fund for Egypt's electric express train

During its 350th meeting in Jeddah, the Islamic Development Bank's (IsDB) board of executive directors approved three projects worth a total of $403 million.

Egypt's Electric Express Train Project is a 660km sustainable, green, and climate-resilient electric express railway system, aimed at providing safe, affordable, accessible, and sustainable transport systems for 25 million people annually while decreasing greenhouse gas emissions by 250,000 tons of CO2 per year.

 IsDB President and Group Chairman Muhammad Al Jasser emphasized the significance of the approved projects, stating that they will promote sustainability, economic integration, and resilience during these challenging times.