Economic development
Egypt's industrial development plans took a significant leap forward during the 24th Ministerial Group meeting, chaired by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir. The meeting focused on amending the National Program for the Development of the Automotive Industry, introducing expanded
Economic development
Abu Dhabi Exports Office (ADEX), part of Abu Dhabi Fund for Development (ADFD), and Emirates Development Bank (EDB) have announced a strategic partnership to deploy AED 1 billion over the coming years to UAE-based exporters and manufacturers. The agreement aims to accelerate export-led growth, contribute to the UAE's
Economic development
The global construction aggregates market is projected to reach $784 billion by 2035, growing at a CAGR of 5.4% during the forecast period. The market is driven by increasing infrastructure development projects globally, growing urbanization and housing construction activities, government investments in transportation infrastructure, and rising demand for sustainable
Economic development
The global flooring market is expected to experience significant growth over the next few years, driven by rising construction activities, increasing industrial and economic development, and a growing global population. According to a report by Grand View Research, Inc., the market is anticipated to reach USD 534.6 billion by
Economic development
The President of the Quantity Surveyors Registration Board of Nigeria (QSRBN), Obafemi Onashile, has emphasized the need for a central regulatory body to address the challenges in the construction market. Speaking at the 2025 Annual Quantity Surveyors Assembly, Onashile proposed the establishment of the Building and Engineering Commission (BEC) to
Economic development
The Islamic Development Bank (IsDB) has approved over $1.32 billion in development financing to drive inclusive growth, climate resilience, and economic opportunity across its Member Countries. The approvals took place during the 360th Meeting of the IsDB Board of Executive Directors, held in Algiers during the 2025 IsDB Annual
Economic development
In a major effort to safeguard its shoreline and vulnerable communities, the Lagos State Government has announced plans to attract N3 trillion in public-private partnership (PPP) investments to combat the growing threat of coastal erosion. The state is grappling with severe environmental degradation along its coastal areas, particularly in communities
Economic development
The Lagos State Ministry of Waterfront Infrastructure Development, led by Hon. Ekundayo Alebiosu, has made substantial strides in completing the construction of ferry jetties and terminals, channelization of ferry routes, and deployment of groyne technology to combat coastal erosion. The Ministry has completed nine concrete ferry jetties and terminals out
Economic development
Origin, a new innovation-focused facility in Frisco, Texas, has officially opened its doors, marking a significant step forward in the city's continued rise as a national innovation leader. The public-private partnership, conceptualized by the Frisco EDC and brought to fruition by Baylor Scott & White Health Sports Therapy
Economic development
Goa's Verna Industrial Estate is facing a severe shortage of land for industrial investments, with the Goa Industrial Development Corporation (GIDC) informing the Goa Investment Promotion Board (IPB) that it has reached its internal threshold of 40% of available land. This development comes after the IPB recommended three
Economic development
On the sidelines of the 2025 Annual Meetings, the African Development Bank Group and the African Water Facility will host a discussion on investments in water and sanitation in Africa. This side event aims to showcase the essential role of the African Water Facility in supporting African Development Bank regional
Economic development
The African Development Bank (AfDB) has reaffirmed its commitment to collaborating with African civil society to advance the continent's development agenda. The bank held its 2025 Civil Society Organizations (CSO) Forum under the theme "Celebrating the Contribution of Civil Society to Africa's Development." The
