SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
ITFC Supports Investment in the Agriculture Sector in Kazakhstan
ITFC Supports Investment in the Agriculture Sector in Kazakhstan

The International Islamic Trade Finance Corporation (ITFC) participates in the “Agroinvest” Forum Astana 2017 in Kazakhstan

Dubai, UAE, August 27, 2017:  The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group participated in “Agroinvest” Forum Astana 2017 organized by “KazAgro”, the National Management Holding with the official support of the Ministry of Agriculture of the Republic of Kazakhstan. The Forum provided a platform to discuss the development of agro-industrial complex of Kazakhstan, and projects in the sphere of agriculture and investment. The Forum took place in the Hilton Garden Inn Hotel in Astana on August 25, 2017. 

Eng. Hani Salem Sonbol, CEO ITFC reemphasized IsDB Group and ITFC’s role in supporting Kazakhstan’s development plans and specifically agricultural sector. “Kazakhstan’s strategic initiative to establish the Islamic Organization for Food Security (IOFS) is a clear manifestation of the importance of the food security for the entire OIC member countries and the global role that Kazakhstan intends to undertake in this direction. ITFC also expressed its commitment to support the Republic of Kazakhstan in its noble objective of becoming the food basket of the Islamic world within the wider framework of the OIC Food Security initiative.”

It is worth mentioning that ITFC started providing trade financing in 2010 to the Republic of Kazakhstan, to date, ITFC financing amounted to US$810 million, of which the majority allocated for supporting the agriculture sector.

In his speech, Eng. Hani Salem Sonbol also said: “ITFC will seek greater cooperation with all relevant stakeholders that is, Government authorities, state owned enterprises, private sector entities and local banks to share experience and migration of best practices. Above all, the unabated support from the Government in the effective enforcement of laws and regulations will be of utmost importance to attract serious investors.”

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 787 times
PR Category : Banking & Investments
Posted on : Sunday, August 27, 2017  5:05:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Etro eyewear - Paisley pattern, high-tech materials & timeless color [35309-Views]
MCM eyewear - Bold shapes, exclusive detailing, & artisanal finishing. [33108-Views]
Karl Lagerfeld eyewear - Contemporary glamour, and high-tech design. [32812-Views]
Calvin Klein platinum Eyewear [31353-Views]
Coty Inc. Introduces James Molloy as Rimmel London's New Global Make-up Ambassador [30086-Views]
AIGNER Iridescence [29253-Views]
VLCC and Saudi conglomerate Cigalah Group sign strategic partnership to launch VLCC Wellness Centres... [24489-Views]
HUAWEI nova 2 Plus, the new selfie superstar experiences exceptional demand in the UAE [23140-Views]
Olay Eyes - Show your emotions not your age [22739-Views]
Weekend Max Mara : The Pasticcino Bag - Fall/Winter 2017 [21484-Views]
Max Mara: Iconic Coats - Manuela & Teddy. [20898-Views]
Marina Rinaldi : Ashley Graham continues her role as the face of the brand for the Fall/Winter17 ca... [20644-Views]
LG DUALCOOL Air Conditioner Builds a Tower of Chocolate [19737-Views]
Rimmel - Brow Squad: Don't Follow the Rules - Define Them [17384-Views]
Huawei CBG supports the Middle East Innovation Agenda by bringing cutting-edge innovative technologi... [15920-Views]
LG Robots to Connect People for A Better Tomorrow [15473-Views]
Sportmax : Spring / Summer 2018 collection. [15412-Views]
Parfums de Marly, Delina - From the perfumed court to personal fragrances [15363-Views]
Marchon Eyewear, Inc. and Calvin Klein, Inc. Announce Renewal of Exclusive Longterm Global Eyewear L... [14674-Views]
Let's Denim! The Ashley Graham for Marina Rinaldi capsule collection debuts in Milan. [14526-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories