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Industry, infrastructure and innovation for future generations
From plastic pollution to planet friendly practices
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2018 OFID Scholar Mariana Javakhyan from Armenia
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To help achieve Sustainable Development Goal 7 on universal energy access by tapping into the leadership, technology and experience of the energy industry
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Spotlight Minimize

OFID’s Governing Board approves over US$303m for operations in developing countries

OFID has approved over US$303 million of new funding to benefit developing countries across the globe. The 166th Session of OFID’s Governing Board approved the funding at the organization’s Vienna headquarters.
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News & Events Minimize

OFID supports fisheries project in Mozambique

OFID has signed a US$12 million loan agreement with Mozambique to co-finance a project aimed at strengthening artisanal and industrial fishing to boost food security and improve living standards.
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OFID supports power generation in Armenia via US$25m loan

OFID has signed a loan of more than US$25m with ArmPower to help expand and diversify power generation sources developed by the private sector in Armenia. ArmPower is a special purpose company owned by Renco Power (owned by Italian Renco Spa and Simest Spa) and Siemens Project Ventures (part of German Siemens Financial Services).
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Dr Abdulhamid Alkhalifa, a Saudi Arabian national, was elected Director-General and Chief Executive Officer of OFID at the institution’s June 2018 Ministerial Council meeting. Dr Alkhalifa officially assumed his post on November 1, 2018.  

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