Annual meetings of the IsDB Group Conclude with 85 agreements Totaling More than $8 Billion.

Annual meetings of the IsDB Group Conclude with 85 agreements Totaling More than $8 Billion.

RIYADH: During the recently concluded annual meetings of the Islamic Development Bank Group, 85 agreements totaling over $8 billion were inked in various industries.

This contrasts the previous year’s sessions, when just 77 financial agreements totaling $5.4 billion were reported. At the final news conference, IsDB Chairman Mohammed bin Sulaiman Al-Jasser announced that 22 international financial institutions, 38 member nations, and the group’s institutions had signed finance agreements spanning a range of projects.

He praised the Saudi leadership’s ongoing group support, calling it evidence of the Kingdom’s dedication to international cooperation and progress.

The chairman emphasized the importance of this year’s events by mentioning that there were over 27 important side events and council meetings for the IsDB Group.

Over 3,750 people attended these seminars, bringing together eminent scholars, professionals, and researchers from various developmental disciplines.

Remarkably, representatives from about fifty-five international and regional partner organizations, including twenty-three institutional leaders, were in attendance.

Al-Jasser described the Private Sector Forum’s activities in detail, pointing out that more than 1,500 participants from more than 60 countries participated. The forum, which included 17 events, enabled the signing of more than 60 agreements totaling over $6.5 billion.

According to the chairman, the IsDB has funded development projects totaling $182 billion, significantly contributing to progress over the previous 50 years.

These projects have covered many important topics, from fundamental infrastructure and agriculture to many crucial industries like commerce and Islamic finance, health, education, and energy.

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