Istanbul, Türkiye, 2 November 2025 — Islamic Development Bank (IsDB) Group Chairman, H.E. Dr. Muhammad Al Jasser, was the keynote speaker at the Organization of Islamic Cooperation (OIC) Business Leaders’ Summit held at Istanbul Congress Center, today.

Delivering the keynote address on the theme “Private Sector as a Strategic Partner for Sustainable Development,” H.E. Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank (IsDB) Group, emphasized that across the OIC region, businesses are already the main engines of employment, innovation, and social progress. He noted that private sector actors — including small and medium enterprises (SMEs) as well as large corporations — generate over 90% of jobs and contribute to most of the value added.

H.E. Dr. Al Jasser then highlighted the key challenges constraining private sector growth, including regulatory complexity, high financing costs, market fragmentation, and inadequate infrastructure. He urged that these challenges be addressed decisively to unlock the sector’s full potential. H.E. Dr. Al Jasser further underlined that investments in infrastructure, digital transformation, trade facilitation, and the empowerment of youth and women will not only shape better policies but also usher in a new era of public–private partnership.

As Chairman of the IsDB Group, H.E. Dr. Al Jasser reaffirmed the Group’s strong commitment to promoting private sector development across its member countries. He noted that through its key entities — ICD, ICIEC, and ITFC — the Group mobilizes resources, shares expertise, and mitigates investment risks to help businesses grow and scale sustainably.

By the end of Q3 this year, the IsDB Group had extended over US$24 billion in financing and insurance coverage, helping mobilize more than US$10 billion through strategic partnerships.

H.E. Dr. Al Jasser concluded by underlining that fostering private sector development remains a cross-cutting priority under the Group’s ongoing five-year corporate strategy, reflecting its unwavering commitment to building a resilient and inclusive economic future across the OIC region.

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