Jakarta, 17 September, 2012 – In an attempt to strengthen trade relations among the private sector in member countries, the IDB Group launched, on Monday, the first representative office for its Business Forum (THIQAH) outside the Kingdom of Saudi Arabia, at the office of Indonesia Investment Coordinating Board (BKPM) in Jakarta, Indonesia.

Signing a Memorandum of Understanding on the occasion with Mr. Khaled Al-Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), IDB Group’s private sector arm, Mr. Chatib Basri, Chairman of BKPM, said that the opening of the THIQAH office in Indonesia was aligned with their efforts to attract more investment from IDB Group’s member countries and thus boost economic growth in his country. He further stressed that fostering stronger strategic partnership with
business organizations of IDB member countries was one of their main objectives.

Representing the IDB Group, Mr. Khaled Al-Aboodi, CEO of ICD, , expressed delight over the establishment of the THIQAH representative office in the Indonesian capital and stated that the occasion marks an important step in strategic partnership between the Government of Indonesia and the IDB Group towards creating better trade relations and business opportunities especially in the private sector. The office is expected to play an important role in promoting Indonesia as a favorite investment
destination for member countries of the IDB Group.

THIQAH’s mission is to establish strategic partnerships with the private sector and spearhead efforts to maximize cross-border investments among IDB Group member countries.