BAKU, Azerbaijan, November 29. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is working with Azerbaijan on selected projects, Oussama Kaissi, CEO of ICIEC, said in an exclusive interview with Trend.
He recalled that in February 2023, the President of the Islamic Development Bank (IsDB) Dr. Muhammad Al Jasser, paid a high-level visit to Azerbaijan and met with President of Azerbaijan Ilham Aliyev.
“In September, I led a mission to Azerbaijan to identify the key development priorities of the country and potential areas of cooperation from ICIEC’s perspective. During the mission, I met with the IsDB & ICIEC governor,minister of economy Mikayil Jabbarov, the IsDB & ICIEC alternate governor, minister of finance Samir Sharifov; minister of energy Parviz Shahbazov; minister of digital development and transport Rashad Nabiyev and minister of health Teymur Musayev,” said Kaissi.
The CEO went on to add that the mission also covered meetings with the ministry of education, the Central Bank of Azerbaijan, SOCAR, AZPROMO, Azersigorta, Azerbaijan Investment Holding, Azerbaijan Investment Company, Small and Medium Business Development Agency (KOBIA), State Mortgage and Credit Guarantee Fund, Chamber of Commerce and Industry, private insurance companies and banks.
“The mission was very successful in that we identified the priority projects and initiatives in different sectors, such as promoting Foreign direct investments (FDI), banking, renewable energy, transportation, communication, healthcare, and SMEs. Currently, in coordination with the Office of the Governor, we are working with the relevant ministries and government entities on the selected projects. We hope to finalize them in 2024 and 2025,” he said.
Kaissi went on to add that ICIEC's presence as a collaborative partner serves as a beacon of reassurance and encouragement for prospective investors exploring opportunities within Azerbaijan.
“The investment projects will contribute to employment generation, the development of advanced and efficient infrastructure, and improved quality of life for citizens,” he added.
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