Thursday, 02 December 2021 07:28 GMT

Qatar Islamic Bank receives USD439mnn in funding deal


(MENAFN) Qatar Islamic Bank has confirmed an USD439mn funding deal with regional contractor Al Jaber Engineering in order to finance a huge food security facility at the new Hamad Port.

Moreover, the new food security facility is built on a 530.000 square meter site and contains facilities that can be utilized for storing, processing and manufacturing of various foods.

Meanwhile, the complex will house rice silos, oil storage tanks and associated infrastructure like conveyor systems, processing and warehousing space.

On the other hand, there will be a recycling facility that will support to turn waste products from basic commodity processing into animal feed.

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