Private sector development is one of the main pillars in the Islamic Development Bank Group (IsDB Group) priorities and, therefore, in conjunction with the IsDB Group Annual Meetings, the IsDB Group private sector entities have been organizing the Private Sector Forum (PSF) yearly to address and further this priority.
The main objective of the PSF is to provide a unique platform to network and establish business relations and partnerships with other leading representatives and stakeholders from the business community in order to share their related experiences, success stories & best practices while jointly exploring investment and trade opportunities offered by member countries. PSF will also highlight the IsDB Group activities, services, and initiatives in the 57 member countries (investment, trade, and insurance). Also, to educate member countries on IsDB Group’s role in promoting PPP projects and promote IsDB Group’s services to the private sector interested to invest in its member countries. The Forum will also connect business communities in member countries by arranging parallel B2B and B2G scheduled meetings. It will also feature an awards ceremony reorganizing leaders in trade, insurance, and investment. PSF 2023 will also give an opportunity to its member countries to promote their projects to potential investors.
The theme for this year, PSF 2023, “Building Resilience through Private Sector Partnerships” reaffirms the importance of partnerships between policymakers, financial and trade institutions, the private sector, multilateral development banks, and all relevant stakeholders to tackle any unpredictable scenarios which will affect economies negatively. PSF 2023 will take place from the 11th to the 13th of May 2023 at the King Abdullah Congress Center – The Ritz-Carlton Hotel, Jeddah (The Kingdom of Saudi Arabia).