IsDB Group Hosts 13th Private Sector Forum in Algiers.

Wednesday 21st May 2025

Par inAfrika Reporter

ALGIERS, Algeria – The Islamic Development Bank Group (IsDBG) convened the 13th Private Sector Forum from May 20 to 22, 2025, at the Abdelatif Rahal International Conference Center in Algiers. Organized on the sidelines of the Group’s annual meetings and under the high patronage of His Excellency President Abdelmadjid Tebboune, the event brought together public and private sector leaders to strengthen trade, investment, and development partnerships across member countries.

The forum served as a strategic platform for the IsDB Group and its affiliated institutions to engage stakeholders on a broad range of topics critical to economic transformation in member states, with a special emphasis on Algeria. It provided a venue to showcase the Group’s suite of financing instruments, including private sector financing, lines of credit, investment insurance, export credit solutions, and trade development support. A series of dialogue sessions and workshops addressed core economic themes and ongoing development initiatives. Participants also engaged in bilateral business-to-business (B2B) and business-to-government (B2G) meetings aimed at fostering collaboration, knowledge exchange, and cross-border ventures.

The event attracted high-level participants, including government officials, business leaders, chambers of commerce, trade and investment agencies, and executives from regional and international development institutions. These discussions provided an opportunity to explore investment opportunities, exchange experiences, and form strategic partnerships in key sectors such as infrastructure, manufacturing, agriculture, energy, and trade.

In his opening remarks, Dr. Mohammed Al Jasser, President of the Islamic Development Bank Group, emphasized the forum’s strategic importance, stating that it serves as a recurring platform to highlight the Group’s innovative tools for driving investment and trade in member countries. He reaffirmed the IsDB Group’s commitment to expanding cooperation and creating value for member countries through dynamic public-private partnerships.

Dr. Khalid Yousif Khalafalla, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), noted the significant participation from both public and private stakeholders. He underscored the Group’s role in advancing sustainable development through co-financing and tailored financing solutions for large corporations, financial institutions, and small and medium enterprises. He highlighted that ICIEC had provided cumulative insurance coverage exceeding USD 121 billion by the end of 2024, with USD 96 billion supporting trade and USD 25 billion facilitating foreign direct investment. The Corporation’s partnerships with private reinsurance firms have further mobilized USD 69 billion in reinsurance capacity to support critical projects across agriculture, renewable energy, infrastructure, healthcare, and manufacturing sectors.

Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), emphasized the pivotal role of the private sector in driving inclusive economic growth, generating employment, and fostering resilience. He recognized the importance of collaborative action between public institutions and private investors to build a sustainable economic future across IsDB member countries.

The Private Sector Forum reaffirmed the IsDB Group’s strategic focus on mobilizing capital, facilitating trade, and enabling investment flows that drive job creation, innovation, and long-term economic stability in its member states.