Achievements Made by the National Investment Bank (NIB)

Financing and Following-up the Economic and Social Development Plan of the State

The Economic and Social Development Plan of the State is considered an important tool to achieve the required growth rates. This Plan provides the infrastructure necessary to attract investments, as well as the basic services to citizens such as education, health and housing.

The NIB has a major role with this Plan, representing in funding and following-up all its projects. Over the past decades, the NIB succeeded in mobilizing domestic savings to be used to finance the creation and implementation of projects included in the successive Economic and Social Development Plans of the State.

These huge investments resulted in accumulating a national wealth of assets all over the Republic. This includes the establishment of power plants, electric transmission networks, electricity distribution plants, water and sanitation networks and plants, roads, bridges, railways, ports, new cities and mining projects. The national wealth includes also the provision of the agricultural, irrigation, and housing services.

The Ministry of Housing and Urban Communities has the lion’s share of the Plan’s investments for the implementation of many important projects such as sanitation, drinking water, new cities and housing projects all over the Republic.