The project, which is expected to be completed by the end of year 2001, enables the Development Bank to provide sub-loans for the purpose of contributing to the financing of several productive investment projects in different sectors of the economy. In addition, such loans would cover the supply and installation of machines and equipments, means of transportation and communication, spare parts, hardware and software systems. It also covers civil works, technical services, training requirements and the provision of institutional support. The project consists of the following three main components:

1- The supply and installation of machines, equipment and tools: This will enable the provision and installation of tools, equipment, machines, and means of transportation and communication as well as spare parts, program systems, and all related technical services intended for either new projects or the improvement of existing ones.

2- Civil works: This includes buildings and the installation of utilities and the provision of services required for the execution of the prospective investment projects financed by the sub-loans extended by the Development Bank.

3- Institutional support: This includes conducting studies, preparing programs and related systems as well as providing the required training to improve the performance of the Development Bank in all its activities.

Financing:

The Arab Fund loan covers about 46% of the expected total project cost. The loan beneficiaries and the Development Bank will cover the remaining costs.

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