The Islamic Development Bank Group and Malaysia will jointly organize the Malaysia-IDBG Investment Forum from 9-11 May 2012, at JW Marriott Hotel, in Kuala Lumpur, under the auspices of Hon. Dato Sri Haji Mohamed Najib bin Tunsari Haji Abdul Razak, the Prime Minister of Malaysia
The three days Forum is titled "Forging Strategic Business Partnerships between Malaysia and IDB Member Countries," and aims at enhancing opportunities for investment and business partnerships between Malaysia, IDB member countries.
The Forum will also focus on market driven innovation by leveraging and strengthening business partnership with Far East economies (South Korea, Japan, China) to address the growing need of member countries market through Malaysia as a preferred gateway.
The program of the Forum will include briefings, presentations and exhibitions by trade and investment organizations from other member countries as well as by renowned investors. There will also be business matching sessions to facilitate foreign participants exploring partnership prospects with their Malaysian counterparts.
In addition to that, the Member Country Partnership Strategy (MCPS) for Malaysia will be launched during the Opening Ceremony. The MCPS is a framework that provides, for IDB, an avenue for structured dialogue and priority setting with member countries and facilitates better alignment at the country level. The MCPS is also providing opportunities for partnering and co-financing resulting from the active engagement by the IDB with other partners during preparation. This initiative was launched in
March 2010 to cover all (56) member countries.
The IDB Group President, Dr. Ahmad Mohamed Ali, will lead the Group delegation and will sign two MOUs with the World Islamic Economic Forum, the HALAL Development Corporation, and witness the signing of MOU with Tabung Haji and the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the IDB Group.
Participants include business women and business men from member countries, along with delegations from Russia, South Korea, China, in addition to financial institutions like Kuwait Finance House, and OIC institutions like Malaysian-Turkish Chamber of Commerce, Arab Chamber of Commerce. Malaysian banks and major industries will also participate along with related Ministries and diplomats. For registration and information, you can log online:www.idbgbf.org/Malaysia.
It’s worth mentioning that since inception, Malaysia has received IDB Group funding for 117 operations worth an amount of $1.43 billion including project financing operations for $514 million, trade financing operations ($396 million), treasury operation ($381.2) million, and the remaining were for technical assistance and special assistance operations.