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Contents i Acronyms iii Message from ICDT v Message from IsDB vii Note for readers ix Executive summary 1 Global FDI dynamics and expectations considering the digitalization era 37 Foreign direct investment in OIC countries 71 Analysis of determinants of FDI flows to OIC countries 83 Foreign direct investments among OIC countries 107 Development of digital economy in OIC countries and implications for IPAs 145 The role of digital technologies in promoting and attracting FDI in OIC countries 181 Conclusions and policy recommendations Protected Acronyms AI Artificial intelligence APIEx Investment and Export Promotion Agency of Benin AR B2B B2C B2G BIDA BRICS CAGR COI CRM CWFDI ECI EDGI EU FDI FIPA FVA G7 GAFI GCI GDP GFCF GIEPA GII GTMI GVC HS ICDT ICT IMF IMF CIDS IoT IPA IsDB IT ITU KPIs M&A ME MIDA MR OECD Augmented reality Business-to-business Business-to-consumer Business-to-government Bangladesh Investment Development Authority Brazil, Russia, India, China, South Africa Compound annual growth rate Complexity Outlook Index Customer relationship management Country Watch Foreign Investment Index Economic Complexity Index E-Government Development Index European Union Foreign direct investment Foreign Investment Promotion Agency of Tunisia Foreign-added value Canada, France, Germany, Italy, Japan, United Kingdom United States General Authority for Investment and Free Zones of Egypt Global Competitiveness Index Gross domestic product Gross fixed capital formation Gambia Investment & Export Promotion Agency Global Innovation Index GovTech Maturity Index Global value chain Harmonized system Islamic Centre for Development of Trade Information and communications technology International Monetary Fund IMF Coordinated Direct Investment Survey The Internet of Things Investment promotion agency Islamic Development Bank Information technology International Telecommunication Union Key performance indicators Mergers and acquisitions Multinational enterprise Malaysia Investment Development Authority Multilateral resistances Organisation for Economic Co-operation and Development i OIC OLS PPML R&D RCA SMEs UAE UNCTAD VR WAIPA WEF WTO Organisation of Islamic Cooperation Ordinary least squares Poisson Pseudo-Maximum Likelihood Research and development Revealed Comparative Advantage Small and medium-sized enterprises United Arab Emirates United Nations Conference on Trade and Development Virtual reality World Association of Investment Promotion Agencies World Economic Forum World Trade Organization ii Message from ICDT The Islamic Centre for Development of Trade (ICDT) is pleased to present the second edition of the “Annual Report on Investment Climate and Opportunities in OIC Countries 2023.”
The two MDB Chiefs also discussed the new partnership around the Multilateral Cooperation Centre for Development Finance (MCDF), a China-led and KSA-supported project preparation & capacity development facility designed to support cross-border connectivity upstream work.
The Forum brought together delegations from IDB Group Member Countries as well as more than 500 participants from Islamic and Arabic chambers of commerce, diplomats and investors from different IDB Group Member Countries as well as Non-IDB Group Member Countries including, China, South Korea and Russia.
US$ 140 million Wind-power Project for Pakistan among US$ 322 Million Funding Approvals by IDB Board
Grants of up to US$ 1.295 million for educational and health projects for Muslim communities in China, Northern Cyprus, Ethiopia, India, Venezuela and the Philippines were approved by the Board.
The “Construction of Murghab – Kulma Road Project” connecting Tajikistan to China in addition to funding several credit lines to local banks to help businesses for the young and middle-income people are on the list of projects financed by the Islamic development bank in Tajikistan.
Shanghai, China, 3 September 2024 – The Independent Evaluation Department (IEvD) organized a panel at the Asian Evaluation Week (AWE) 2024, in collaboration with the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB).
Some have gone on to use their new skills at other infrastructure projects across Pakistan, such as initiatives in the China–Pakistan Economic Corridor.
The two-day high-level forum (10-11 January 2022), organized by the Hong Kong Special Administrative Region Government, People's Republic of China, brought together global financial leaders, investors, thought leaders, renowned experts, and other business community members.
He highlighted Malaysia’s unique position as a gateway to the large global economies in China, India and the Middle East.
The shift to wider developmental aspects for the Busan Forum is a direct result of discussions in the G-20 meetings and the increasing role of the non-DAC countries and emerging market economies (such as Saudi Arabia, China, United Arab Emirates, Kuwait, India, Brazil) in financing development