CAIRO – Egyptian Planning and Economic Development Minister Hala El Saeed on Thursday participated in the launching ceremony of the Islamic Development Bank (IsDB) Group Private Sector Forum.
The forum, held on the sidelines of the IsDB annual meetings, is hosted by the group-affiliated private sector entities on May 11-13.
The minister is set to take part at the main event of the forum on enhancing partnerships to realize sustainable development goals.
The forum aims to shed light on the activities, services and initiatives of the bank in the group member countries, including Saudi Arabia.
The forum is set to be attended by a host of key government officials, executive directors and chiefs of local, regional and international private sector companies, investors and businessmen, among others.
Private sector development is one of the main pillars in the Islamic Development Bank Group (IsDB Group) priorities and, therefore, in conjunction with the IsDB Group Annual Meetings, the IsDB Group private sector entities have been organizing the Private Sector Forum (PSF) yearly to address and further this priority.
The main objective of the PSF is to provide a unique platform to network and establish business relations and partnerships with other leading representatives and stakeholders from the business community in order to share their related experiences, success stories and best practices while jointly exploring investment and trade opportunities offered by member countries. PSF will also highlight the IsDB Group activities, services, and initiatives in the 57 member countries (investment, trade, and insurance). Also, to educate member countries on IsDB Group’s role in promoting PPP projects and promote IsDB Group’s services to the private sector interested to invest in its member countries.
The Forum will also connect business communities in member countries by arranging parallel B2B and B2G scheduled meetings. It will also feature an awards ceremony reorganising leaders in trade, insurance, and investment. PSF 2023 will also give an opportunity to its member countries to promote their projects to potential investors.
The theme for this year, PSF 2023, “Building Resilience through Private Sector Partnerships” reaffirms the importance of partnerships between policymakers, financial and trade institutions, the private sector, multilateral development banks, and all relevant stakeholders to tackle any unpredictable scenarios which will affect economies negatively.
PSF 2023 takes place at the King Abdullah Congress Center – The Ritz-Carlton Hotel, Jeddah, Saudi Arabia.
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