The Islamic Development Bank Group says it would respond to COVID-19 with USD 2.3 billion package and to launch three supportive and robust initiatives in partnership with UAE Ministry of Economy and Annual Investment Meeting.

Accordingly, a crowd of over 1000 people engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs, Multilateral and financial institutions, Chairmen, Presidents & CEOs of local/international companies, Chambers of Commerce & Industry and Investment promotion agencies, came together to celebrate in the IsDB Group Private Sector Action Response to COVID-19 webinar.

They also launched new online initiatives by Islamic Development Bank Group (IsDB Group ) (https://www.IsDB.org/) Private Sector Entities in partnership with UAE Ministry of Economy and AIM.

The webinar was inaugurated by Dr. Bandar Hajjar, President of Islamic Development Bank Group (IsDB Group), Mrs. Nevin Gamea, Minister of Trade and Industry of Egypt, and Abdullah Ahmed Saleh, Undersecretary of UAE Ministry of Economy.

The main objective of the webinar was to discuss the challenges facing the Private Sector and Global Economy during the COVID-19 outbreak. The IsDB Group Private Sector entities also presented immediate joint action response and the future outlook to combat the COVID-19 pandemic, whilst incorporating the new reality. The webinar highlighted the IsDB Group’s US$2.3 billion Strategic Preparedness and Response Programme for COVID-19 under its 3Rs approach “Respond, Restore and Restart”.

A prime goal behind the initiative is to promote and provide a robust platform for the investment and prosperous trade opportunities in Member Countries. Estimated numbers of FDIs attractions in member countries show the annual FDI Inflows and Outflows in 2019 that help to assess imminent prospects and growth opportunities.

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