RIYADH, KSA: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and a key member of the Islamic Development Bank (IsDB) Group, is excited to announce the signing of a strategic Memorandum of Understanding (MoU) with the Export and Investment Promotion Agency of the Republic of Azerbaijan “AZPROMO”.
This MoU was signed on the sidelines of the IsDB Group Annual Meeting 2024, in Riyadh, Saudi Arabia, by Mr. Oussama Kaissi, CEO of ICIEC, and and Mr. Yusif Abdullayev, Executive Director of AZPROMO. The signing ceremony was witnessed by H.E. Mikayil Jabbarov, Minister of Economy of Azerbaijan and IsDB/ICIEC Governor, and H.E. Dr. Muhammad Al Jasser, Chairman of the Board of Directors of ICIEC.
This partnership aims to leverage the strengths of both organizations to create new opportunities for growth and prosperity. By working together, ICIEC and AZPROMO are committed to unlocking the full potential of Azerbaijan’s economy and paving the way for impactful investments and a brighter future.
Oussama Kaissi commented on the partnership, stating, “We are filled with optimism to announce our partnership with AZPROMO, an initiative that promises to revolutionize the economic landscape of Azerbaijan. This MoU serves as a testament to our mutual dedication to promoting sustainable development and economic diversification through the facilitation of foreign investment and the promotion of exports. We eagerly anticipate a productive collaboration that will undoubtedly yield substantial benefits for Azerbaijan.”
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