The private sector institutions of the Islamic Development Bank (IsDB) Group successfully organized and concluded the 12th edition of the "Private Sector Forum - 2024" held from 28 to 30 April 2024 in Riyadh, Saudi Arabia.

The Forum took place on the sidelines of the Annual Meetings of the IsDB and the Golden Jubilee of the Islamic Development Bank.

The event attracted more than 2,000 participants from 83 countries including government officials, Chairpersons, Presidents, and CEOs of local and international companies, multilateral and financial institutions, chambers of commerce and industry, business associations, investment promotion agencies, individual investors, and entrepreneurs.

As per the press statement issued by the bank, 53 agreements worth $6,486 billion were signed.

In his address, H.E. Dr. Muhammad Sulaiman Al Jasser, Chairman of the IsDB Group, remarked: “The 12^th edition of IsDB Group Private Sector Forum, taking place this year in the Kingdom of Saudi Arabia, has successfully promoted the integration of the public and private sectors, which is crucial for the economic and social development of our member countries.

“It is the responsibility of the public sector to develop infrastructure and legislation to foster an attractive business climate for the private sector to stimulate production and create jobs” H.E. Dr. Muhammad Sulaiman Al Jasser thanked the attendees for their participation in the Forum, which included 17 sessions, more than 60 speakers, 32 exhibitors, and more than 2,000 participants representing 83 more countries and witnessed the signature of 53 agreements with amount of US$ 6,486 billion,” he said.

The primary objective of the Private Sector Forum was to provide a unique platform for the global business community to connect, network, and explore investment and trade opportunities offered by member countries.

The Forum showcased IsDB Group activities, projects, services, and initiatives across member countries, highlighting the organizations’ role in promoting Public Private Partnership (PPP) projects and its services to the private sector.