Economy
THE Islamic Corporation for the Insurance of Investment and Export Credit, ICIEC, the Shariah-compliant multilateral insurer and member of the Islamic Development Bank, IsDB, Group, is co-organising the IsDB Group Private Sector Forum as a side event at the 48th Annual Meetings of the Board of Governors of the IsDB on 10-13 May 2023 in Jeddah, Saudi Arabia.
The theme of the High Level Panel Discussion, HLPD, which will be held from 10:00 am to 13:30 pm on 11th May at the Ritz- Carlton Hotel in Jeddah, is “Partnerships to Fend Off Crises”. ICIEC CEO, Oussama Kaissi, will give the opening remarks, which will be followed by three sessions.
The HLPD will comprise three sessions – one showcasing four country presentations from Indonesia, Azerbaijan, Jordan and Mauritania highlighting investment opportunities in renewable energy, food security, and tourism and the other two panel discussions – the first one on renewable energy, food security, and tourism aims to address the current challenges in financing initiatives and projects in various sectors, including food security, enhancing sustainable tourism, and growth of the Green Economy in the above countries. And the second one will discuss the importance of FDI attractiveness, especially in making projects and financing bankable to enhance investors’ confidence and certainty with the help of ICIEC’s de-risking solutions in investing in the relevant countries in the vital food security, tourism and Green Economy sectors in the above countries.
Oussama Kaissi, CEO of ICIEC, commented: “We are delighted to partner once again with our sister entities in the IsDB Group to participate in this annual IsDB Group Private Sector Forum, which has proven to be popular, rewarding and incisive for the 2,000-plus delegates that usually attend. ICIEC has a strong record of engaging with the private sector and other partners, as the various case studies have shown of our involvement in providing guarantees, reinsurance capacity and credit and investment insurance for transactions in several of our Member States”.
“Since inception ICIEC has insured US$95 billion in trade and investment, including US$75.8 billion for trade and US$19.2 billion for investment. Renewable energy, food security, and tourism are core sectors for ICIEC activities. We are committed to continuing our support to our 49 Member States through impactful smart, and win-win partnerships in helping them achieve their respective development agendas in line with the UN SDGs and ensuring that no one is left behind, especially in these challenging and uncertain times.”
Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
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Tags: ICIEC Oussama Kaissi
