Search SaudiArabiaPR.com

Home >> Banking & Investments

ITFC Supports Investment in the Agriculture Sector in Kazakhstan

ITFC Supports Investment in the Agriculture Sector in Kazakhstan

Sunday, August 27, 2017/ Editor -  

Share

Home >> Banking & Investments

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.”


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East

Halloween “Catwoman” mask using BROW products

The CISI partners with King Faisal University to offer world-class financial ser ...

Burj Rafal Hotel Kempinski Launched Chinese Food Festival

The World of Aigner Wunderkammer

Makkah Millennium Hotel & Towers wins “Best 5-star Hotel” at the Arabian Travel ...

Jeddah Airport delegation applauds Dubai Customs' experience in facilitating tra ...

Brow Contour Pro 4-in-1 defining & highlighting brow pencil

World's First Female Only Trampoline Park Set to Bounce Into Riyadh

Climax Mascara Never Fake It

The FW18 Trend Report From Weill Paris

Saudi Arabia's Interior Design Market Sharpens Focus, Accounting for One Third o ...

Discover the Secret to Younger-looking, Radiant Skin

Breast Cancer Campaign in Asir Starts under Auspices of Al- Jazeera Paints Next ...

WWE ® Championship Match Set for Crown Jewel

S&P Global Ratings: Saudi Arabia 'A-/A-2' Ratings Affirmed; Outlook Stable

Dar Al-Hekma grants free scholarship to a talented student after seeing her fash ...

Ashridge to coach Saudi business leaders to explore new strategies for growth

LG and Shaker Advances their Air Conditioning Academy In Saudi Arabia

Registration open for the 4th MITEF Saudi Startup Competition