Islamic Development Bank Approves €335.49 Million for Tunisia’s Highway Expansion

The Islamic Development Bank (IsDB) has approved a financing package of €335.49 million for Tunisia to support the expansion of the highway network toward the Kef and Jendouba regions. The approval was granted by the Bank’s Board of Executive Directors during its 368th meeting, held in Jeddah, Saudi Arabia.

Strategic Objectives and Regional Impact

According to the IsDB, this project is designed to significantly enhance accessibility and connectivity in the Kef and Jendouba regions. The initiative is expected to drive several key outcomes:

Economic Integration: Strengthening the economic integration of these regions into the national economy.
Regional Development: Accelerating overall regional development.
Mobility and Safety: Facilitating smoother mobility, improving road safety, and upgrading the quality of transport infrastructure.

Beyond improving direct road links, the project aims to better connect Kef and Jendouba to other territories and major economic hubs across the country. The IsDB views this infrastructure investment as a critical lever for strengthening social cohesion and supporting sustainable development in the targeted areas.

Part of a Broader Global Investment Portfolio

This financing for Tunisia is part of a broader $938 million envelope approved by the IsDB for six member countries. In addition to Tunisia, the funding covers projects in:

Uzbekistan
Nigeria
Pakistan
Kyrgyzstan
Syria

The portfolio encompasses a diverse range of sectors, including energy, agriculture, health, transportation, water, and sanitation, reflecting the Bank’s comprehensive approach to sustainable development across its member states.