THIQAH Signs Two MoUs in Algiers to Strengthen Private Sector Investment
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
Arab News
11 hours ago
- Arab News
IsDB approves $277m to boost jobs, health care, green transport in member states
JEDDAH: Job creation, better health care, and greener transportation are set to advance in several member countries as the Islamic Development Bank approved $277 million in financing. In its 361st meeting, chaired by President Mohammed bin Sulaiman Al-Jasser, the IsDB approved financing for projects in Mauritania, Cote d'Ivoire, and The Gambia, it said in a statement on July 7. As a leading multilateral development institution in the Islamic world, the IsDB focuses on fostering inclusive economic growth, strengthening human capital, and enhancing infrastructure across its 57 member countries. Through long-term partnerships and targeted investments in key sectors, the bank supports sustainable development and improves the quality of life throughout the Islamic nation. In #Mauritania, #IsDB has approved EUR 26.18 million to expand the National Cardiology Center in #Nouakchott, a vital step to: Reduce premature deaths from cardiovascular diseases & Meeting rising demand for specialized healthcare. Read More: — IsDB Group (@isdb_group) July 7, 2025 The Jeddah-headquartered global funding organization added that this round of development financing highlights its firm commitment to transformative projects that generate tangible impact and advance the UN Sustainable Development Goals. 'The approved financing package spans vital sectors, namely health care, education, and transportation and is focused on addressing urgent development challenges, from improving urban mobility to strengthening public health systems and building human capital,' the statement said. In Mauritania, the IsDB allocated €26.18 million ($30.7 million) to expand the National Cardiology Center in Nouakchott. The initiative aims to enhance the country's capacity to prevent and treat cardiovascular diseases, a leading cause of premature death, and improve access to specialized, life-saving care for thousands of people, the statement added. Côte d'Ivoire will benefit from a major #IsDB investment of EUR 200 million in the Abidjan Urban Mobility Project, a transformative initiative that will: Enhance sustainable transport, Ease congestion, & Improve access to jobs and services. Read More:… — IsDB Group (@isdb_group) July 7, 2025 In Cote d'Ivoire, a €200 million financing package will support the Abidjan Sustainable and Integrated Urban Mobility Project, a major initiative to upgrade the city's public transportation system. The undertaking seeks to enhance access to financial and social opportunities while boosting the efficiency of transit along the Yopougon-Bingerville corridor and its feeder lines in Abidjan, the country's economic capital and largest city. It also aims to reduce congestion, encourage greener transportation, and facilitate easier travel for residents — especially those in underserved areas — to jobs, schools, and essential services. In The Gambia, meanwhile, the bank is investing $32.20 million to help establish the School of Medicine and Allied Health Sciences at the University of The Gambia. With US$ 32.20 million in new financing from #IsDB, The #Gambia is set to launch the School of Medicine and Allied Health Sciences. This project aims to: Train future healthcare professionals, & Expand national research capacity. Read More: — IsDB Group (@isdb_group) July 7, 2025 'This initiative will help address the country's critical shortage of health care professionals by building a pipeline of locally trained doctors, nurses, and public health experts, ultimately improving the quality and resilience of the national health system,' the statement said. In May, the IsDB approved over $1.32 billion in funding for key projects during its 360th board meeting. The funding included a $632 million flood protection dams project in Oman aimed at reducing climate-related risks, a €212 million road rehabilitation initiative in Cameroon to enhance regional connectivity, and major infrastructure improvements in Burkina Faso. Spanning sectors such as health, infrastructure, food security, vocational training and water access, the investments also reflected the bank's comprehensive approach to promoting sustainable development in its member states.
Asharq Al-Awsat
22-06-2025
- Asharq Al-Awsat
IsDB, Türkiye Sign $740 Million Financing Agreements
The Islamic Development Bank (IsDB) and Türkiye have signed two financing agreements totaling some $740 million to support the country's recovery through investments in disaster-resilient healthcare systems and the advancement of green, resilient, and inclusive education. According to SPA, the agreements were signed in the Turkish capital of Ankara. Over the past 50 years, the IsDB Group has allocated more than $14.7 billion to development finance projects and initiatives in Türkiye, focusing on 587 projects across sectors including healthcare, renewable energy, education, and modern transportation. This latest series of financing agreements marks another milestone in the long-standing development partnership between Türkiye and the IsDB Group. It aligns with the partnership framework and Türkiye's Twelfth Development Plan for 2024–2026.
Arab News
17-06-2025
- Arab News
IsDB Group partners with Turkiye to drive green industrial growth
JEDDAH: The Islamic Development Bank Group has partnered with Turkiye's Ministry of Industry and Technology to advance sustainable manufacturing and infrastructure as part of a broader push to modernize the country's industrial zones and accelerate its green transition. The initiative supports Turkiye's 2053 net-zero emissions target and aligns with the 12th National Development Plan (2024–28) and the 2030 Industry and Technology Strategy. According to the Saudi Press Agency, the project aims to cluster industrial enterprises within designated zones, reducing environmental impact and promoting climate-conscious development. While Turkiye has committed to peak emissions by 2038 and reach net zero by 2053, independent assessments question the feasibility of this goal. Climate Action Tracker has rated the strategy as 'poor,' citing a lack of ambition and transparency, and warning that the 15-year window to net zero is overly compressed. Still, some subsectors—such as cement, iron and steel, aluminum, and fertilizers—have set clearer reduction targets, although they remain exceptions, CAT notes. Walid Abdelwahab, director of the IsDB Group's regional hub in Turkiye, described the project as 'a vital step in fulfilling the IsDB's commitment to supporting sustainable industrial transformation, enhancing economic resilience, and promoting climate-conscious development.' A multidisciplinary team from IsDB's Jeddah headquarters and Ankara office has been working closely with various government bodies and industrial zone authorities. Discussions have focused on collecting data, identifying challenges, and shaping the project in line with national investment and climate resilience goals. According to SPA, the initiative will also address key areas such as wastewater management, improved water use efficiency, and green infrastructure, laying the groundwork for long-term sustainable industrial growth.
