2024-04-29 02:10:50
The Saudi Development Fund is focused on cooperation with Azerbaijan in the field of transport.
Executive Director of the Fund’s strategy sector Abdullah Al-Sakran told Day.Az on the sidelines of the annual meetings of the Islamic Development Bank in Riyadh.
“Interaction with Azerbaijan is now carried out within the framework of the initiative to connect Asia and Europe. Azerbaijan provides connectivity between Asia and Europe, so we are currently focusing on the transport sector,” he said.
Regarding cooperation on the development of the Middle Corridor, he said that it depends on the needs of the country.
“According to our previous discussions with the Azerbaijani government, we are focused on road development. Our priority is to engage with governments on food security, climate change, water management and digitalization. We welcome any requests from the Azerbaijani government in these sectors. If the Azerbaijani government lists his priorities, we are ready for discussion,” he said.
Al-Sakran noted that the Fund provides loans to countries through development cooperation.
“Roads are one of the elements of food security. In a broad sense, cooperation in the field of transport also covers food security, agriculture, and reducing transportation time,” he explained.
It should be noted that from April 27 to 30, the annual meetings and golden jubilee of the Islamic Development Bank Group (IDB) are being held in Riyadh (Saudi Arabia) under the royal patronage of the Custodian of the Two Holy Mosques, King of Saudi Arabia Salman bin Abdulaziz Al Saud.
The theme for the 2024 meetings is “Treasuring the Past, Charting the Future: Originality, Solidarity and Prosperity.” These meetings mark 50 years of the Bank’s activities to promote socio-economic development in member countries.
As part of the event, it is planned to hold a round table on the topic of COP29 with the participation of representatives of the Azerbaijani government.
The Group’s annual meetings and the golden jubilee of the IDB, which is the leading multilateral development bank for South-South cooperation, are expected to attract international and regional attention. The annual meetings will include a series of side events involving high-level representatives from government, international and regional organizations, the private sector, academia and civil society.
The events will be attended by ministers of economy, planning and finance from 57 IDB member countries, as well as representatives of international and regional financial institutions, Islamic banks, private sector companies, national and international development financial institutions, international and regional organizations, NGOs, chambers of commerce and industry and business advice.
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