IsDB signs $727m deal with Turkiye for Istanbul rail project

RIYADH: The Islamic Development Bank has signed a €660 million ($728 million) financing agreement with Turkiye for the Istanbul North Rail Crossing Project, marking its largest sovereign financing transaction in the country. The agreement was signed on Nov. 12 during COP31 in Antalya, as multilateral development banks announced financing for 10 projects and programmes in Turkiye worth approximately $5.1 billion.…