The Minister of Economic Development and Trade signed a Cooperation Agreement with the Head of the International Islamic Trade Finance Corporation and the Islamic Corporation for the Development of the Private Sector for a total amount of 100 million US dollars

On May 12, 2023, in the city of Jeddah in the Kingdom of Saudi Arabia, the Minister of Economic Development and Trade, Plenipotentiary Representative of the Islamic Development Bank (IsDB) from the Republic of Tajikistan Zavqizoda Zavqi Amin met with the head of the International Islamic Trade Finance Corporation (ITFC) and the Islamic Corporation for the Development of the Private Sector (ICD ) Mr. Honey Salem Sonbol.

Zavqizoda Z.A. presenting numerous investment opportunities and development opportunities for the country's private sector, asked the head of the International Islamic Trade Finance Corporation and the Islamic Corporation for the Development of the Private Sector to increase funding for priority sectors of the national economy, including strengthening the country's export potential, creating textile enterprises and manufacturing halal products, logistics centres, trade and tourism development, traditional and Islamic banking and private sector capacity building.

In turn, the Head of the Corporation, Mr. Hani Salem Sonbol, expressed his readiness to implement projects in the indicated areas, as well as to strengthen further cooperation.

Within the framework of this meeting, a Cooperation Agreement was signed between the Minister of Economic Development and Trade and the Head of the International Islamic Trade Finance Corporation and the Islamic Corporation for the Development of the Private Sector for a total amount of 100 million US dollars for the indicated areas.

It should be noted that to date, the International Corporation has implemented investment projects worth 182 million US dollars, and currently 3 projects worth 18 million US dollars are being implemented in the Republic of Tajikistan.