Islamic development bank to lend Algeria $3bn over next three years

Islamic development bank to lend Algeria $3bn over next three years

The president of the Islamic Development Bank said on Monday that Algeria is expected to receive $3bn (R54.22bn) in loans over the next three years to support the implementation of key development projects.

Algeria – The National Agency for Housing Improvement and Development (AADL) has officially closed the download phase of the supporting documents of the temporarily accepted subscribers under the AADL programme 3. This stage paves the way for an in-depth study of the files, a key step towards the allocation of housing. A massive enthusiasm for the AADL 3 programme Launched on 5 July 2024, the AADL 3 programme has been a resounding success. Over …

Algeria Secures Islamic Development Bank Loan to Expand Infrastructure

Algeria has secured a $3 billion loan from the Islamic Development Bank (IsDB) to be disbursed over the next three years, marking a significant boost to its infrastructure ambitions. The funding will primarily support the expansion of Algeria’s railway network, a cornerstone of President Abdelmadjid Tebboune’s strategy to connect the country’s economic zones and stimulate national growth. […]

Algeria is strengthening its partnership with the Islamic Development Bank (IDB) as part of a new funding package to support its infrastructure projects.This agreement, worth more than $3 billion, is part of a broader strategy to modernise transport networks and boost economic growth.In an interview on Monday 19 May 2025 with the Ennahar channel, the president of the Islamic Development Bank (IDB) group, Muhammad Sulaiman Al Jasser, confirmed th…