Islamic Corporation for Dev't eyeing deals under PPP mode in CIS
BAKU, Azerbaijan, Sept. 28
By Nargiz Sadikhova - Trend:
Islamic Corporation for the Development of the Private Sector (ICD) exploring potential deals to finance projects under the PPP mode of financing in the CIS region, Ayman Amin Sejiny, the CEO of the ICD told Trend.
“ICD has been operating in Azerbaijan since the year of 2003 and to date has provided financing of more than $180 million. ICD finances mainly small and medium enterprises in the country. Currently, my senior team members in charge of Azerbaijani operations are exploring potential opportunities for collaboration in Azerbaijan during this pandemic and after,” he said.
He noted that ICD’s business model also focuses on supporting the private sector for better integration into global value chains through innovation, partnerships, and Islamic finance.
“ICD aspires to position itself as a strong reliable partner for Azerbaijan, assisting the sovereign in enhancing its competitiveness. As I already mentioned, the issuance of Sukuk (sharia-compliant bond) by Azerbaijan with ICD’s assistance, could be one of the potential sources of funding for immediate financing requirements during this pandemic,” he said.
Ayman Amin Sejiny added that currently, senior team members are exploring potential deals to finance projects under the PPP mode of financing in the CIS region.
“PPP mode of financing is gaining huge interest amongst governments of the CIS region. There are various regional projects in the infrastructure space - more specifically within the healthcare, renewable energy, and education sectors. There are companies within ICD’s member countries such as Malaysia, Turkey, the United Arab Emirates, and the Kingdom of Saudi Arabia displaying great interest in collaborations regarding regional PPP deals,” Ayman Amin Sejiny said.
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