BAKU, Azerbaijan, November 29. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) will provide insurance for foreign investors in Azerbaijan’s liberated lands, Oussama Kaissi, CEO of ICIEC, said in an exclusive interview with Trend.
He said ICIEC sees its role in Azerbaijan as that of a reliable and proactive investment partner.
“We believe that by providing investment and export credit insurance solutions, we play a crucial role in mitigating risks and providing credit enhancements, thereby making Azerbaijan an attractive destination for potential investors. We are actively cooperating with AZPROMO to attract long-term foreign direct investments (FDI) to Azerbaijan. ICIEC has also been working with international banks and insurers for trade and investment transactions in ICIEC’s 49 member countries. Therefore, ICIEC’s involvement as a multilateral insurer creates a positive investment climate for foreign investors and facilitates access to financing opportunities for key government projects,” added Kaissi.
Furthermore, the CEO noted that ICIEC experience and expertise in the sector allow it to share valuable insights and market knowledge with potential investors.
“This, in turn, empowers them to make informed decisions and seize opportunities in a confident manner. Ultimately, our role as an investment partner goes beyond risk mitigation; it includes a commitment to fostering economic prosperity and attracting diverse investors to Azerbaijan. ICIEC will definitely contribute to the “Great Return Program” of the Government of Azerbaijan by attracting investments to the liberated territories by providing insurance cover to foreign investors in different sectors such as renewables, agriculture, transportation, communication, healthcare, etc.,” he explained.
Follow the author on X: @Lyaman_Zeyn
