Antalya, Türkiye, 12 November 2026 - The Islamic Development Bank (IsDB) has joined the Türkiye Industrial Decarbonization Investment Platform (TIDIP) as a strategic partner during the platform's official launch and partnership accession ceremony held in Antalya on the sidelines of COP31.

As a new strategic signatory, IsDB joins a growing coalition of international institutions supporting the platform's objectives and Türkiye's long-term climate and development ambitions. The partnership reflects the Bank's commitment to promoting sustainable development, climate resilience, and green industrial transformation across its member countries.

The International Bank for Reconstruction & Development (IBRD), the European Bank for Reconstruction & Development (EBRD), and the World Bank Group through the International Finance Corporation (IFC)  have already joined TIDIP while the Asia Development Bank (ADB), the European Commission and the European Investment Bank (EIB) are the new signatories to the coalition.  

Led by the Ministry of Industry and Technology of the Republic of Türkiye, TIDIP serves as a collaborative platform aimed at supporting Türkiye's industrial decarbonization agenda and accelerating the transition toward a low-carbon, competitive, and sustainable industrial sector. The initiative brings together public institutions, international financial institutions, private-sector stakeholders, and global development players to facilitate investment and strengthen cooperation in priority industrial sectors.

TIDIP initially focuses on four priority sectors: iron and steel, aluminum, cement and clinker, and fertilizers. The platform seeks to facilitate the identification and preparation of decarbonization investments, strengthen cooperation among stakeholders, and help mobilize financing from international and domestic sources.

Through its broad range of development financing instruments and solutions, the IsDB stands ready to explore opportunities to support Türkiye's industrial decarbonization efforts in line with its mandate and applicable governance processes. The Bank looks forward to working closely with government authorities, development partners, and private-sector stakeholders to advance sustainable industrial growth and climate action.