
THIQAH Signs Two MoUs in Algiers to Strengthen Private Sector Investment
The Islamic Development Bank (IsDB) Group Business Forum, THIQAH, has signed two memoranda of understanding (MoUs) aimed at boosting private-sector investment during the Private Sector Forum held alongside the 2025 IsDB Group Annual Meetings in Algiers.
The first MoU, signed with the Algerian Chamber of Commerce and Industry (CACI), aims to promote the exchange of information on trade and investment opportunities, encourage joint participation in economic events, and support the exchange of business delegations. This agreement is designed to stimulate economic growth and deepen private-sector collaboration between Algeria and other IsDB member countries.
The second MoU, signed with the Arab African Center for Investment and Development (CAAID), focuses on strengthening cooperation in investment and development. It outlines plans to co-organize regional and international conferences, facilitate business exchanges, and share expertise to enhance global economic engagement.
These partnerships reflect THIQAH's ongoing commitment to advancing national and regional cooperation, attracting private-sector investment, and supporting the IsDB Group's broader goals of inclusive and sustainable development.
Related Topics:
THIQAH, KAUST Present Revolutionary Research Paper at ArabicNLP 2024
KAUST Accelerates Scientific Research with 67 Projects in AI, Cybersecurity, Bioinformatics
IsDB Participates in Roundtable on Partnerships for Impact in Washington
Saudi Arabia's nominee for IsDB Group president receives unanimous approval
Short link :
Post Views: 5
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Asharq Al-Awsat
7 days ago
- Asharq Al-Awsat
Saudi-Funded Fisheries Project Set to Boost Maldives' Global Market Reach
The Maldives is preparing to launch a major fisheries development project focused on cold storage and export infrastructure with funding from the Saudi Fund for Development (SFD), according to the country's Minister of Fisheries and Marine Resources, Ahmed Shiyam. Speaking to Asharq Al-Awsat during the Islamic Development Bank (IsDB) meetings in Algiers, Shiyam said the project will enhance the competitiveness of Maldivian seafood in global markets by enabling better storage and higher-quality exports. 'We're working with Saudi funds on a cold storage project that will give our companies a global edge and help secure better prices,' Shiyam said. 'We're ready to begin implementation very soon.' The initiative is part of broader collaboration with the IsDB and the Lives and Livelihoods Fund (LLF), which is already supporting a large-scale fisheries project aimed at improving community livelihoods. Shiyam noted that the project is halfway through and progressing well. A key feature is a seawater cooling system that reduces environmental impact and boosts operational efficiency. 'Fishermen are eager to install this system, which lowers costs, saves time, and increases profits,' he said. Shiyam stressed the Maldives' strong partnership with Saudi Arabia, calling it the country's most significant bilateral relationship. 'We're working closely with Saudi institutions, particularly the Saudi Fund for Development, on projects that directly improve our fisheries sector and the lives of our people,' he said. The minister acknowledged challenges such as limited storage and ice production, which currently force the Maldives to export raw fish without pricing leverage. 'Once these projects are complete, we'll be able to store fish until market conditions are favorable, giving us more control and better returns,' he added.


Leaders
23-05-2025
- Leaders
THIQAH Signs Two MoUs in Algiers to Strengthen Private Sector Investment
The Islamic Development Bank (IsDB) Group Business Forum, THIQAH, has signed two memoranda of understanding (MoUs) aimed at boosting private-sector investment during the Private Sector Forum held alongside the 2025 IsDB Group Annual Meetings in Algiers. The first MoU, signed with the Algerian Chamber of Commerce and Industry (CACI), aims to promote the exchange of information on trade and investment opportunities, encourage joint participation in economic events, and support the exchange of business delegations. This agreement is designed to stimulate economic growth and deepen private-sector collaboration between Algeria and other IsDB member countries. The second MoU, signed with the Arab African Center for Investment and Development (CAAID), focuses on strengthening cooperation in investment and development. It outlines plans to co-organize regional and international conferences, facilitate business exchanges, and share expertise to enhance global economic engagement. These partnerships reflect THIQAH's ongoing commitment to advancing national and regional cooperation, attracting private-sector investment, and supporting the IsDB Group's broader goals of inclusive and sustainable development. Related Topics: THIQAH, KAUST Present Revolutionary Research Paper at ArabicNLP 2024 KAUST Accelerates Scientific Research with 67 Projects in AI, Cybersecurity, Bioinformatics IsDB Participates in Roundtable on Partnerships for Impact in Washington Saudi Arabia's nominee for IsDB Group president receives unanimous approval Short link : Post Views: 5


Saudi Gazette
23-05-2025
- Saudi Gazette
Aljadaan outlines Saudi priorities at IsDB Annual Meetings in Algiers
Saudi Gazette report RIYADH — Minister of Finance and Saudi Arabia's Governor at the Islamic Development Bank (IsDB) Group, Mohammed Aljadaan, led the Kingdom's delegation to the IsDB Group's Annual Meetings held in Algiers from May 19 to 22. Held under the theme 'Diversifying Economies, Enriching Lives,' the meetings focused on advancing economic transformation and improving living standards across IsDB member countries, the Ministry of Finance said in a statement. During the general session of the IsDB Board of Governors, Aljadaan addressed the group's strategic framework for 2026–2035, describing it as a foundational roadmap for institutional performance in the coming decade. 'We all recognize that the success of this ambitious vision is closely tied to the establishment of clear and practical mechanisms for measuring development impact,' Aljadaan said. 'An integrated system of indicators will ensure transparency, accountability, and effective monitoring of implementation plans.' In a Governors Roundtable Meeting titled 'Bridging the Gap: Multilateralism, Changing Trade Dynamics, and the Future of Development Finance,' Aljadaan highlighted the IsDB's key role in driving economic growth, regional integration, and fostering intra-trade and joint investment among member states. He called for greater synergy and coordination among IsDB-affiliated institutions. He also urged support for structural reforms to ensure fiscal sustainability and economic stability in the medium and long term, while reinforcing trust in multilateral institutions through enhanced efficiency and inclusivity. Aljadaan also took part in the High-Level Roundtable to operationalize the Riyadh Global Drought Resilience Partnership (RGDRP), stressing the urgent need to address the impact of drought, particularly in vulnerable regions like Africa and the Middle East. 'Drought is no longer a seasonal anomaly—it is a structural threat affecting 1.84 billion people globally, nearly 5% of whom face extreme conditions,' he said. 'Through the RGDRP, Saudi Arabia is reaffirming its Vision 2030 commitment to protect people, restore ecosystems, and foster shared prosperity.' The IsDB Group's Annual Meetings serve as a platform for international leaders, policymakers, and development experts to collaborate on advancing sustainable development, sharing knowledge, and addressing global economic challenges.