IsDB eager to support development projects Madinah – Saudi Gazette

IsDB eager to support development projects Madinah – Saudi Gazette

IsDB, in cooperation with Taibah University, holds a virtual workshop on the concept of a post-COVID-19 development program for Madinah. JEDDAH - The President of the IsDB President Dr. Bandar Bin Hajjar stated that the bank was working on a pioneering project to establish a "Global Waqf Centre of Excellence" in Madinah, with a capital of $50 million.. The aim of the center is to build a global umbrella for the Waqf sector, linking and coordinating all those interested in Waqf.. Dr. Hajjar made the statement while addressng the opening session of the virtual workshop on the concept of a post-COVID-19 development program for Madinah.. Dr Hajjar stated that, as part of this initiative, the bank will initiate a study based on value-added chains for the productive sectors in the city, including in particular the date sector, the aim being to support SMEs, develop the production chain and remove the obstacles encountered in the various production phases up to export..