IDB chief expected on visit
The Islamic Development Bank (IDB) President Ahmed Mohammed Ali
will visit Azerbaijan on Thursday.
The IDB executive is expected to attend the first investment conference of the Caspian International Investment Company (CIIC) to be held in Baku, the Ministry of Economic Development said.
Dr. Ali will hold meetings with Azerbaijan's high-ranking officials as well.
The CIIC was founded in November 2007 by the Azerbaijan Investment Company and Arab investors. The company will invest in Azerbaijan's enterprises engaged in the non-oil sector with the exception of businesses operating disregarding Shariah canons, as well as banks and firms providing traditional financial and insurance services. The CIIC will make investments in such fields as agriculture, logistics, medicine and pharmaceuticals, production of construction materials, and the services sector.
The IDB executive is expected to attend the first investment conference of the Caspian International Investment Company (CIIC) to be held in Baku, the Ministry of Economic Development said.
Dr. Ali will hold meetings with Azerbaijan's high-ranking officials as well.
The CIIC was founded in November 2007 by the Azerbaijan Investment Company and Arab investors. The company will invest in Azerbaijan's enterprises engaged in the non-oil sector with the exception of businesses operating disregarding Shariah canons, as well as banks and firms providing traditional financial and insurance services. The CIIC will make investments in such fields as agriculture, logistics, medicine and pharmaceuticals, production of construction materials, and the services sector.
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