Bridging a funding gap of up to US$40 billion (Dh147bn) a year in infrastructure investment in the Arab world will become more challenging due to the fallout from recent unrest, says a World Bank official.
The World Bank and others are close to finalising a fund intended to raise up to $1bn for much-needed investment in infrastructure projects in the region, said Raymond Bourdeaux, lead infrastructure specialist for Mena at the World Bank.
Investment in hospitals, schools, roads and other public services is viewed by the World Bank as a way of easing social tensions and laying foundations for economic growth.
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