By Abdulfatah Babatunde
The Islamic Development Bank Group Business Forum (THIQAH) and the World Association of Investment Promotion Agencies (WAIPA) have signed a Memorandum of Understanding (MoU) on investment opportunities.
TheNewsZenith reports that the MOU is aimed at fostering collaboration to promote business and investment opportunities on a global scale.
The agreement underscores the shared vision of both organisations to enhance economic development and create mutually beneficial partnerships
THIQAH and WAIPA, the two prominent entities, signed the deal in Jeddah, Saudi Arabia.
The agreement signifies a strategic alliance dedicated to facilitating economic growth and investment promotion.
Under the agreement, THIQAH and WAIPA commit to cooperating through various initiatives such as promoting investment opportunities.
They agree to organise international business-related events and facilitate access to information and resources for potential investors.
The agreement underscores the shared vision of both organisations to enhance economic development and create mutually beneficial partnerships.
Read Related News:
Arab Group pledges $50 billion for African development
IsDB holds 18th global forum, AGM in Riyadh
$4trn new annual financial target to save SDG — Adesina
NAHCON officials arrive in S/Arabia, signs MoU on 2023 Hajj
COP28: IDB to help reduce Nigeria’s poverty index
TheNewsZenith reports that THIQAH is the window of the IsDB Group that facilitates contacts. It also coordinates between entities concerned with the IsDB Group and private sector firms.
This is as related institutions in IsDB Group member countries.
The main objective of THIQAH is to establish a unique platform for effective dialogue, and cooperation.
This is inclusive of partnerships for business leaders committed to partnering in promising investment opportunities.
Through facilitation and catalyst roles, THIQAH will leverage IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector.
On the other hand, the WAIPA is a non-governmental organisation established to promote investment promotion worldwide.
With its headquarters in Geneva, Switzerland, WAIPA provides support and fosters collaboration among investment promotion agencies to attract investment and drive economic growth.
Do you have a flair for Citizenship Journalism? Share story(ies) of happenings in your area with The NewsZenith on WhatsApp: 08033668669 or thenewszenith@gmail.com
