BAKU, Azerbaijan, November 29. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is ready to support trade and investment initiatives in Central Asia, Oussama Kaissi, CEO of ICIEC, said in an exclusive interview with Trend.
“From ICIEC's perspective, we anticipate strengthened collaboration and shared initiatives with a particular focus on promoting investment and export credit insurance. We envision that the Azerbaijani leadership will play an essential role in driving discussions, initiatives, and strategic decisions that will enhance the organization's effectiveness,” he said.
Kaissi noted that in terms of regional economic development, ICIEC expects that Azerbaijan will lead in the development and implementation of innovative solutions and strategies that foster economic growth and stability within the region.
“By actively involving all member states, including Azerbaijan, in decision-making processes, we anticipate a more inclusive and comprehensive approach to addressing the challenges and opportunities facing the region. The unique location of Azerbaijan as a transportation hub between Central Asia and Europe requires investments to be made in the Middle Corridor. Therefore, Azerbaijan and Kazakhstan are cooperating to facilitate the trade through the Caspian Sea route. Azerbaijan and Uzbekistan established a joint investment fund to invest in joint projects. Azerbaijan and Turkmenistan are also cooperating in projects in the Caspian Sea. Türkiye is an important trade and investment partner of Azerbaijan. ICIEC is ready to support such initiatives in the region, which is in line with its mandate of fostering economic cooperation among the OIC Member States,” he added.
Kaissi went on to add that ICIEC looks forward to exploring new and innovative ways to drive sustainable economic growth, reduce investment risks, and facilitate financial stability in collaboration with Azerbaijan and other member countries.
“We believe that this year holds significant promise for achieving our shared goals and making a positive impact on regional economic development,” he said.
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