La BID présente les opportunités d’investissement offertes par les Assemblées annuelles prévues à Alger
Summary of the Presentation on the Opportunities from the Islamic Development Bank Assemblies
On Tuesday, the Islamic Development Bank (IDB) presented significant investment opportunities for Algerian business leaders in anticipation of its upcoming Annual Assemblies, scheduled to take place in Algiers from May 19 to 22. This initiative aims to showcase the services the bank provides to investors.
The forum, held at the Algerian Chamber of Commerce and Industry (CACI), was jointly chaired by Muhammad Nazeem Noordali, the General Director of the Islamic Trade Finance Corporation (ITFC) within the IDB, and Chakib Smail Kouidri, the General Director of CACI. During the event, a series of informational sessions were organized to inform economic operators about the investment and financing possibilities available at the annual gatherings, which are expected to attract around 5,000 investors from member countries of the bank.
Experts from the IDB stressed the importance for Algerian businessmen to seize this opportunity. They recommended registering on the bilateral meeting platform that facilitates connections among investors, potentially fostering fruitful relationships during the event. The IDB pledged to continue promoting Algerian investors and investment opportunities in Algeria beyond the Annual Assemblies, supported by a database to be created during this event.
In a press conference, Noordali remarked that the Annual Assemblies serve as a vital platform for enhancing dialogue among various stakeholders, strengthening partnerships, identifying investment opportunities, addressing investor challenges, and sharing experiences through planned workshops. He noted Algeria’s significant economic potential, emphasizing the nation’s strategy of utilizing local financial resources to develop its economy rather than relying on external debt.
Noordali highlighted promising investment opportunities in sectors such as energy transition, agriculture, industry, and knowledge-based economy, urging strong participation from the private sector to explore partnerships and support mechanisms from the IDB.
He also indicated that these Assemblies would facilitate the signing of financing agreements with multiple countries and financial institutions, as well as memoranda of understanding with various Algerian organizations across different sectors. In his remarks, Kouidri emphasized that the partnership with the IDB would focus on achieving Algeria’s goals of economic diversification and expanding financing sources for investors. He underscored the importance of the upcoming Assemblies as an avenue to promote Algeria’s investment prospects.
Additionally, the Assemblies will highlight recent reforms undertaken in Algeria to improve the investment climate, thereby increasing the chances of sealing partnerships during the event. This year’s theme, "Economic Diversification: Enriching Life," emphasizes discussions on various topics, including economic development, resilience building, and innovation as a key development driver.
The assemblies, expected to gather representatives from 57 member countries along with development partners and public and private sector officials, will also host parallel events, forums, and exhibitions to showcase key developmental initiatives and investment opportunities within member states.
In conclusion, the IDB’s Annual Assemblies provide a pivotal opportunity for Algerian entities to engage with international investors, explore collaborative ventures, and enhance the nation’s economic landscape through diverse initiatives aimed at achieving sustainable growth and development.
