Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 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
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×