The Business Forum of the Islamic Development Bank Group (THIQAH) (www.IDBGBF.org) and the Federation of Saudi Chambers concluded a joint agreement and cooperation by signing a memorandum of understanding (MOU) to facilitate cooperation between the two parties and work closely to enhance, support, and consolidate integration efforts between the economy of the Kingdom of Saudi Arabia and the member countries of the Islamic Development Bank.
The MOU was signed between Eng. Hani Salem Sonbol, the Acting CEO of the Islamic Corporation for the Development of the Private Sector, on behalf of (THIQAH), and Mr. Walid bin Muhammad Al-Orainan, the Acting Secretary-General of the Federation of Saudi Chambers, during the meetings of the Islamic Development Bank and the private sector held from 28 to 30 April 2024G at the InterContinental Hotel Riyadh, Saudi Arabia.
The main objective of the MOU is to exchange investment opportunities that can be implemented in cooperation between the member countries of the Islamic Development Bank Group and to cooperate to organize mutual visits between businessmen in various activities (commercial, service, industrial, investment, agricultural, etc.) and to invite them to attend conferences and forums held by the two parties, in accordance with what It is stipulated by the laws and regulations of each party.
Moreover, the MOU aims at exchanging annual work programs to identify areas of joint work and coordinating relevant activities and events, as well as working to prepare a program for holding joint meetings and workshops to achieve the objectives of this memorandum.
