Riyadh, Saudi Arabia, April 2024 – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) signed a new Memorandum of Understanding (MoU) with ZTE Corporation, a Chinese partially state owned technology company that specializes in telecommunication, on 29 April during the IsDB Group Annual Meeting 2024, held at the InterContinental Hotel in Riyadh, Saudi Arabia.

The MoU was signed by Mr. Oussama Kaissi, CEO of ICIEC, and Mr. Kevin
Xiao, Director at ZTE Corporation. The MoU focuses on leveraging ICIEC’s insurance solutions to facilitate ZTE’s supply of telecom network equipment and training to major telecom operators within ICIEC member states. ICIEC has a proven track record of facilitating critical telecom equipment supply through its specific transaction insurance solutions, as demonstrated by its successful collaboration with operators
like Uzbektelecom in Uzbekistan.

Mr. Oussama Kaissi, CEO of ICIEC, commented at the signing of the MoU: “We are confident that this MoU will further enhance our ability to provide cutting-edge telecom infrastructure and connectivity to our member states.

We are thrilled to announce the expansion of our partnership with ZTE, a leading global provider of telecommunications equipment and network solutions. Through this MoU, we aim to further
our joint efforts in bolstering the telecommunications infrastructure within ICIEC member states. Our collaboration will leverage ICIEC’s insurance solutions and ZTE’s expertise in the supply of telecom network equipment and knowledge transfer, to provide our member states with access to cutting-edge technological solutions that meet their evolving needs.