Saudi investors to boost Bosnia ties
March 22, 2011 – 4:39 am
IDB Group President Ahmad Mohamed Ali, center, with JCCI Chairman Saleh Kamel, left, and Bushnak Group Chairman Adil A. Bushnak at the press conference on Monday. (AN photo by Khalil Hanware)
By KHALIL HANWARE | ARAB NEWS
Published: Mar 21, 2011 23:21 Updated: Mar 22, 2011 00:07
JEDDAH: IDB Group President Ahmad Mohamed Ali has invited the business communities from IDB member countries to take part in the Sarajevo Business Forum 2011 in Sarajevo, Bosnia and Herzegovina.
The forum, being held from April 6 to 8 with the support of Bakir Izetbegovic, member of the Presidency of the Bosnia & Herzegovina, will offer businessmen an opportunity to network and establish business relations with their counterparts in Bosnia & Herzegovina, Croatia, Serbia, Slovenia, Montenegro and Macedonia, Ali told a press conference organized on the sidelines of Jeddah Economic Forum at the Jeddah Hilton on Monday.
Saleh Kamel, chairman of the Jeddah Chamber of Commerce and Industry (JCCI) and Adil A. Bushnak, chairman of Bushnak Group, were also present.
Ali said the IDB Group was already involved in various projects including real estate in Bosnia and Herzegovina.
The forum, organized by Bosna Bank International (BBI) VIP Business Club and IDB Group (Thiqah-Islamic Development Bank Group Business Forum) with the strategic partnership of Global Alliance for Partnership in International Development (GAPID) and Bushnak Group, will mainly focus on infrastructure sectors, energy, agriculture, tourism, financial industry and educational services, Bushnak said.
Ali pointed out that the IDB Group’s role in encouraging investment and developing private sector to stimulate economic growth in member countries and Muslim communities in non-member countries reflects one of the main thrusts of the IDB Group Vision 2020.
The group within its specialized vehicles – the Islamic Corporation for the Development of Private Sector (ICD), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the International Islamic Trade Finance Corporation (ITFC) – provides integrated services in the areas of finance, insurance of investment, encouragement of export, and technical and advisory assistance to uphold the role of the private sector in achieving socioeconomic development in member countries.
Saudi private sector investors see Bosnia and Herzegovina as a lucrative area for investment.
Saudi investors have around 150 million euros worth of investment in Bosnia and Herzegovina in various fields, Kamel said.
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