Infrastructure Financing through Islamic
Finance in the Islamic Countries
41
The country specific information on the projected infrastructure spending and the
infrastructure needs are shown in Chart 2.13. The chart shows that Indonesia, being the largest
economy in the group, is expected to spend the most in infrastructure projects, followed by
Saudi Arabia and Nigeria. In all countries, however, the infrastructure spending at current
trends will result in a shortage in investments relative to what is needed.
Chart 2.13: Infrastructure Spending Needs 2016-2040 Cumulative in Selected OIC Countries
(USD billion, 2015 prices and exchange rates)
Source: GIH and Oxford Economics (2018), Global Infrastructure Outlook, Infrastructure investment needs 50
countries, 7 sectors to 2040.
Chart 2.14: Infrastructure Gap in Selected OIC Countries 2016-2040
(USD billion 2015 prices and exchange rates and as a percentage of 2015 GDP)
Source: GIH and Oxford Economics (2018), Global Infrastructure Outlook, Infrastructure investment needs 50
countries, 7 sectors to 2040.
92
417
445
1642
63
208
383
210
657
355
569
61
499
100
608
675
1712
81
292
460
246
878
480
975
80
613
0 200 400 600 800 1000 1200 1400 1600 1800
Azerbaijan
Bangladesh
Egypt
Indonesia
Jordan
Kazakhstan
Malaysia
Morocco
Nigeria
Pakistan
Saudi Arabia
Senegal
Turkey
2016-2040 Investment need 2016-2014 Current trends
8 191 230 70 18 84 77 36 221 125 406 19 114
15.1%
86.0%
72.3%
8.1%
47.4% 47.5%
25.9%
36.0%
44.6% 46.6%
62.8%
135.7%
13.3%
0%
20%
40%
60%
80%
100%
120%
140%
160%
0
50
100
150
200
250
300
350
400
450
US$ Billion
Gap (USD billion) Relative Gap (% of GDP 2015)