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Minister of Planning: We seek to benefit from the "Islamic Foundation" to support Egyptian exports


Hala Al-Saeed, Minister of Planning and Economic Development and Governor of the Arab Republic of Egypt in the Islamic Development Bank Group, held a meeting with Osama Abdel Rahman Al-Qaisi, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit - the insurance arm of the Islamic Development Bank Group - to study aspects of cooperation and coordination in a number of strategic topics.

 

The meeting included a presentation of the position of the Corporation's operations in Egypt, which amounted to $6.6 billion, represented in covering operations related to import and export, credit service on exports and securing foreign investments.

 

The meeting also discussed the Corporation's future plan in Egypt, which included mobilizing more insurance and credit support for infrastructure projects and the strategic commodities sector, as well as developing the relationship with Egyptian banks in financing trade and export credit.


For her part, Dr. Hala Al-Saeed confirmed that, as the Governor of the Arab Republic of Egypt at the Islamic Development Bank Group, she seeks to develop the relationship between Egypt and all the Bank’s institutions, increase areas of cooperation, and make use of the capabilities of the Islamic Foundation to support Egyptian exports and exporters, contribute to opening new markets to Egyptian exports and contribute to Overcoming the challenges facing export operations to foreign markets, especially African markets.

 

The Minister of Planning praised the extent of cooperation with the Foundation and thanked Osama Abdel Rahman Al-Qaisi for his efforts and keenness to cooperate with Egypt.


For his part, the CEO of the Islamic Corporation for the Insurance of Investment and Export Credit confirmed that the Arab Republic of Egypt is one of the first ten countries that benefit from the Corporation's services in the field of trade and investment, which enhances its position as one of the main shareholders in the Corporation.

 

The Foundation is also keen to strengthen support partnerships with the public and private sectors to achieve the strategic objectives of the Arab Republic of Egypt. In addition to plans to expand support for Egyptian exporters and deepen cooperation with the Egyptian government in the sector of strategic goods and infrastructure projects.

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