• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Tuesday, May 13
21:29
40 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeBusinessICIEC and JBIC Unite to Bolster Trade in Central Asia

ICIEC and JBIC Unite to Bolster Trade in Central Asia

New Partnership Aims to Boost Climate Projects and Investments

August 18, 2024
in Business
Reading Time: 1 min read
152
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Japan Bank for International Cooperation (JBIC) have recently inked a pact aimed at amplifying trade and investment activities between Japan and nations that are members of the ICIEC. This collaboration is expected to harness ICIEC’s prowess in insurance and JBIC’s financial expertise to propel transactions with Japanese businesses as the primary exporters, contractors, or investors in the ICIEC member states, with a particular emphasis on Central Asia.

A pivotal component of this collaboration is the support for environmental sustainability projects, notably those focusing on renewable energy. Dr. Khalid Khalafalla, ICIEC Officer-in-Charge, expressed that this memorandum not only builds upon an earlier agreement with the Islamic Development Bank Group but also aims to intensify the already strong ties with JBIC.

RelatedPosts

Private Aviation Expansion in Saudi Arabia: New Charter Rules

Saudi Arabia Startup Expansion: Key Steps for Success

Esports World Cup: Saudi Arabia’s $70M Gaming Investment

‘By combining our strengths, we can create new opportunities for trade and investment that benefit our stakeholders,’ Khalafalla stated, highlighting the potential synergistic benefits of this alliance.

This agreement signifies a major leap in ICIEC’s endeavor to stimulate economic development in its member countries by forming strategic alliances.

Tags: climate actionICIECinvestmentJBICtrade
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version