Amlak and IFC make home ownership more accessible We've made home ownership in the Middle East and North Africa much more affordable by signing a Memorandum of Understanding (MOU) with International Finance Corporation (IFC), a member of the World Bank Group. This MOU will help develop a sustainable housing finance market in the region through co-ordinated efforts and joint venture partnerships in some of the countries that we are expanding into.
Gulrez Hoda, IFC - Senior Manager (left) and Nasser Al-Shaikh, Chairman - Amlak Finance (right) Since access to housing finance in the Middle East and North Africa is limited in comparison to other markets, this partnership will help develop the industry and make home ownership more accessible. Our expertise in establishing the home finance industry in emerging markets puts us in an advantageous position to replicate our successful business model in surrounding regions. Additionally, with a current presence in the UAE, Egypt and Saudi Arabia, we believe that it is important to build on our commitment and knowledge to expand our services in the MENA region.