The 13th Private Sector Forum organized by the Islamic Development Bank Group (IsDBG) took place from May 20 to 22, 2025, at the Abdelatif Rahal International Conference Center in Algiers, Algeria. The forum, held on the sidelines of the Group’s annual meetings, was under the high patronage of His Excellency President Abdelmadjid Tebboune.
With over 1,300 participants from 50 countries, the forum saw active involvement from the local, regional, and international private sectors. It featured eight events and panel discussions, with more than 50 speakers and 36 exhibitors. One of the highlights was the presentation of the “Private Sector Award” to recognize outstanding companies and financial institutions for their contributions to economic development, trade facilitation, investment, and risk management.
During the forum, 26 agreements and memoranda of understanding were signed, totaling over $3.6 billion. A startup competition attracted over 300 participants, and more than 250 bilateral meetings were conducted to enhance trade, investment, and partnership relations among member countries.
Discussions at the forum focused on the IsDB Group’s initiatives to empower both public and private sectors in member countries, including Algeria. The event highlighted various financing instruments offered by the Group, such as lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities.
High-level officials, CEOs of local and international companies, investors, and representatives from chambers of commerce and industry, trade promotion bodies, and financial institutions attended the forum. In his opening remarks, Dr. Mohammed Al Jasser, President of the IsDB Group, emphasized the importance of the forum as a strategic platform for fostering partnerships and promoting investment and trade among member countries.
Dr. Khaled Yousef Khalafallah, CEO of ICIEC and Acting CEO of ICD, highlighted the organizations’ focus on sustainability and development, with ICIEC providing insurance coverage exceeding $121 billion and ICD approving 575 projects worth $7.58 billion. Eng. Adeeb Al-Aama, CEO of ITFC, emphasized the role of the private sector in economic growth and poverty reduction, with ITFC providing over $83 billion in trade finance since its inception in 2008.
For more information on the event, visit the official website. The IsDB Group continues to work towards empowering communities and driving economic and social progress across member countries.
The Islamic Development Bank (IsDB) is a multilateral development bank operating in 57 member countries, with a mission to empower people and provide the infrastructure needed for their economic and social progress. The IsDB Group comprises five entities, including the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC).
ICIEC, established in 1994, aims to stimulate trade and investment among OIC member countries through risk mitigation instruments and financial solutions. ICIEC has insured over $121 billion in trade and investment across key sectors.
ICD, a member of the IsDB Group, has played a pivotal role in fostering inclusive and sustainable growth through Shariah-compliant financing and infrastructure development. Since 1999, ICD has contributed significantly to enhancing the economic landscape of member countries.
ITFC, established in 2008, promotes trade among OIC member countries to support economic development and social well-being. ITFC has provided over $83 billion in trade finance, becoming a leader in delivering tailored trade solutions.
THIQAH, the private sector interface of the IsDB Group, facilitates engagement and collaboration between Group entities and businesses in member countries. THIQAH aims to build a platform for dialogue, cooperation, and partnerships to promote investment opportunities within member countries.
For more information on the IsDB Group and its entities, visit their respective websites.
