The Mission of the Islamic Development Bank (IDB) on discussing organizational issues within the preparation for the investment conference with the participation of the Arab financial institutions, and Arabian businessmen has completed its visit to Baku.
According to Azerbaijan`s Economic Development Ministry, during the visit, the responsibilities distribution between IDB and the Azerbaijani party took place, Trend reports.
The Economic Development ministry and the Azerbaijan Export and Investments Encouragement Fund (AZPROMO) are responsible for the organization of the exhibition of local producers, the preparation for the issue of the brochure with investment programs to be submitted to investors from Arab countries.
About 35 Azerbaijani companies engaging in different fields of the oil sector of the country are expected to take part at the forthcoming exhibition. Totally 200 guests are expected to come to the investment conference. The same number will represent the Azerbaijani party at the arrangement.
The organization of the conference is held owing to the IDB grant at the volume of $274.000.
The conference is expected to be held in Baku on November 8-9. However, taking into consideration the arrival and the departure of the guests, their visiting Baku was determined from November 7 till November 10, 2006.
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