Infrastructure investment is critical for bridging regional gaps and promoting balanced growth. MENA private infrastructure investmentA report by the World Bank revealed that the private sector infused $86B into infrastructure development in low- and middle-income nations in 2023. “The regions with the highest contribution from foreign investors in 2023 were the Middle East and North Africa (MENA) and Sub-Saharan Africa (SSA),” the report by the World Bank reads. ADVERTISEMENT“In 2023, all 14 PPI projects in the MENA region were sponsored by foreign companies, while in SSA 83 percent of all PPI projects were sponsored by foreign companies. “PPI investments declined in most regions, with the notable exceptions of the Middle East and North Africa (MENA) and East Asia and Pacific (EAP).

Source: The North Africa Journal May 17, 2024 11:07 UTC