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IDB Approves $176 Million Loan to Oman

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The Islamic Development Bank has approved $176 million assistance to Oman’s Wadi Daiqah water supply project. This is part of the $987 million approved for new development projects by the bank’s board of executive directors at its 299th meeting in Jeddah. The finance was for new socio-economic development projects in member countries and Muslim communities in non-member countries.