Algerian Chamber Of Commerce Hosts Islamic Bank Group Financing Services Forum To Boost Economic Partnerships

The Islamic Development Bank (IsDB) institutions, in partnership with the Algerian Chamber of Commerce and Industry and the IsDB Group Business Forum, hosted the "Islamic Development Bank Group Services Forum" at the chamber's headquarters in Algiers. This event aligns with preparations for the IsDB Group Annual Meetings set for May 19 to 22, 2025.

The forum aimed to highlight the group's services, activities, and initiatives across its member countries, focusing particularly on Algeria. It underscored ongoing support for private sector development and efforts to stimulate promising investments within the Algerian market.

Panel discussions and specialized deliberations were part of the forum's program. These sessions explored ways to enhance economic partnerships and examined the role of group institutions in supporting member countries' needs. The discussions also covered financial tools like financing lines, trade finance, private sector financing, investment insurance, and export credit services.

Nazeem Noordali, Chief Operating Officer of the International Islamic Trade Finance Corporation (ITFC) and head of the Islamic Development Bank Group delegation, delivered an opening speech. He stated: "We are here to strengthen strategic partnerships, present integrated financial and investment solutions, and open new horizons for cooperation."

Noordali further emphasized that the upcoming Annual Meetings and Private Sector Forum in Algeria will offer a unique platform. This platform aims to showcase investment opportunities, enhance economic cooperation, and lay foundations for future prosperity.

The event saw significant participation from senior business leaders. CEOs from various sectors attended alongside representatives from chambers of commerce, industry and investment organizations, as well as trade promotion agencies.

This gathering served as a crucial step towards fostering collaboration among stakeholders. It aimed at leveraging collective expertise to drive economic growth within member countries.

With inputs from SPA