IsDB hosts 'Exporters and Investors Summit' to Stimulate Turkey's Economic Growth

  • Exchanging ideas on challenges and opportunities for Turkish investors and exporters
  • Exploring how to boost Turkish exports and Services in the World Markets
  • Stimulating growth in the country through Science and Innovation

26th April 2018 - H.E. Dr. Bandar M. H. Hajjar will open the ‘Exporters and Investors Summit’ in Izmir, Turkey organised by the IsDB Group and Turk Eximbank. The two-day conference, will be attended by the Ministry of Economy of the Republic of Turkey, providing a unique opportunity to exchange ideas on challenges and opportunities for Turkish investors, exporters and contractors. It will explore how IsDB Group and Turk Eximbank can provide support and assistance to boost Turkish exports and services in the world markets. 

Key agenda highlights include the ‘Exporter and Investors Summit Plenary Session’ and a panel discussion entitled ‘Supporting Turkey’s Aspirations for Private Sector-led Growth’. Esteemed speakers will include H.E. Nihat Zeybekci, Minister, Ministry of Economy of the Republic of Turkey,  H.E. Dr. Bandar M. H. Hajjar, President, IsDB Group, Mr. Oussama Kaissi, Chief Executive Officer, The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Mr. Eng. Hani Salem Sonbol, Chief Executive Officer, the International Islamic Trade Finance Corporation (ITFC) and H.E Osman Çelik, Undersecretary, the Undersecretariat of Treasury of the Republic of Turkey.

The Republic of Turkey is a major founding member of the Islamic Development Bank Group and an important development partner to the Bank. The IsDB Group has been a key supporter of the Republic of Turkey in its bid to develop the country’s private sector, the Islamic banking industry as well as trade and investment. Since the IsDB’s establishment, the Bank has contributed more than US $11.2 billion of funding to 483 projects in various sectors, with renewable energy being a key initiative: the IsDB helped Turkey bring 370 megawatts of electricity from renewable energy sources into its grid and reduced the country’s greenhouse gas emissions by more than one million tonnes. 

The IsDB Group and Turk Eximbank, over the years, have formed a strong cooperation to support export-related activities of Turkish contractors, Midcaps and Small & Medium Enterprises (SMEs), with the aim of supporting Turkey’s aspiration to position itself as a global market leader not only in traditional exports, but also in infrastructure development in emerging trading partners. This summit is an extension of this commitment and a chance for leaders to share their ideas on the country’s growth.

The IsDB believes it is crucial to add to the value chain of countries at their source and that participation in the value chain of the global economy is vital for achieving high and sustainable economic growth. The $500m Transform Fund that launched last month with the goal of accelerating science, technology and innovation-led solutions in the developing world is an example of the IsDB’s belief that economic growth is the best route out of poverty. The Fund welcomes applications from all Innovators, scientists, SMEs private companies, NGOs, Governments and academic institutions to apply for funding by submitting a Call For Innovation on the IsDB’s global online innovation ecosystem Engage.

President Bandar Hajjar said ‘We want to be more than just a cash machine for our countries. It is important that all our work is sustainable and that it has a lasting impact whether that be through training or skill building. We want to help people to help themselves. This summit provides a platform for Turkish stakeholders to discuss the future of exports and imports and to help stimulate growth in the economy.