The primary aim of OFID is to contribute to the social and economic development of emerging and less advanced countries. OFID is highly conscious of the benefits to be gained from collaborating closely with like-minded institutions. Such cooperation allows for a pooling of financial resources, manpower and skills and helps avoid wasteful duplication of effort. OFID's cooperating partners include the bilateral and multilateral development agencies of OPEC Member States, the specialized agencies of the United Nations System.
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Tamil Nadu Road Infrastructure Development Corporation has issued a tender for the Chennai Peripheral Ring Road (CPRR) Section II & III project in Tamil Nadu, India. The Asian Infrastructur...
Read moreThe Ministry of Public Works has laid the foundation stone for the construction of the 880 m Mangoky Bridge in Madagascar. The project encompasses the construction of a pre-stressed c...
Read moreThe Government of Mauritania has secured financing for US$100 million from Saudi Fund for Development (SFD) for the Kiffa drinking water supply system. The project will supply drinking water to&...
Read moreADB has announced that it will finance a sustainable urban transport project in Vientiane, the capital city of Laos. The program is being co-financed by the European Union’s Asia Investment Faci...
Read moreDevelopment finance institutions led by the African Development Fund (ADF) has approved a US$81.67 million loan to co-finance sections of the 695-km Eastern Corridor road in Ghana, linking the capital...
Read moreRavinala Airports has finalized its funding arrangements and has commences construction works of the Madagascar’s Ivato international airport in Antananarivo and Fascene international airpo...
Read moreAfrican Infrastructure Investment Managers (AIIM), an equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.
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