Saudi Press

Saudi Arabia and the world
Friday, Oct 03, 2025

Saudi king to patronize Islamic Development Bank Group’s annual meetings in Jeddah in May

Saudi king to patronize Islamic Development Bank Group’s annual meetings in Jeddah in May

The Islamic Development Bank Group will hold its annual meetings between May 10 and 13 in Jeddah, with the theme “Partnerships to Fend off Crises,” the Saudi Press Agency reported on Tuesday.
During the gathering, to be held under the patronage of King Salman, the organization’s member states will discuss the importance of cooperation in efforts to address the challenges they face.

The annual meetings of the group serve as an important platform where global leaders, policymakers, development bodies and other stakeholders can come together and discuss critical development issues.

This year’s gathering will also include a Private Sector Forum, hosted by the Islamic Development Bank Group entities the Islamic Corporation for the Insurance of Investment and Export Credit, the International Islamic Trade Finance Corporation, and the Islamic Corporation for the Development of the Private Sector.

The aim of the Private Sector Forum is to provide a unique platform for communication and trade relations, and to explore investment and trade opportunities for member countries.

The main four-day group event will include high-level plenary meetings, interactive panel discussions, technical sessions and side events covering a wide range of topics, including the alleviation of poverty, infrastructure development, health, education, food security, climate change and innovation.

The annual meetings also offer opportunities for networking, sharing knowledge, and engaging with global leaders and experts in the field of development.

The Islamic Development Bank Group, the headquarters of which is in Jeddah, will also host a dedicated exhibition space showcasing its innovative projects and initiatives, as well as the achievements and success stories of member countries.

Rated AAA by major rating agencies, the group is a multilateral development bank that has been working for more than 49 years to improve the lives of the communities it serves. The bank, which has regional hubs and a center of excellence in 11 of its member countries, brings together 57 nations across four continents, touching the lives of one in five of the world’s population.

It says that it aims to equip people to drive their own economic and social progress by putting the required infrastructure in place that can enable individuals to fulfill their potential.

Over the years, the bank has evolved from a single organization into a group comprising five entities: The the bank itself, the Islamic Development Bank Institute, which is tasked with research and training, the Islamic Corporation for the Insurance of Investment and Export Credit, the International Islamic Trade Finance Corporation, and the Islamic Corporation for the Development of the Private Sector.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Trump and Starmer Clash Over UK Recognition of Palestinian State Amid State Visit
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
×