Istanbul

On December 8th and 9th, 2019 ICIEC representatives attended the OIC High-Level Public and Private Sector Investment Conference. The conference was held at the Istanbul Congress Center and was attended by political leaders, government officials, development finance professionals, and industry leaders.

At the conference, ICIEC CEO, Oussama Kaissi, delivered keynote speeches for two panels. The first focused on “The Role of the Export Credit Agencies and Arbitration in the Promotion, Protection, and Guarantee of Investments.” In his address, Mr. Kaissi stressed the centrality of trust in attracting Foreign Direct Investment, and ICIEC’s role in mitigating the risk of investment in OIC member countries, thereby promoting investor confidence. “Investment in OIC member countries works to promote our unity, opens doors to larger global markets, and can strengthen the Islamic economic base as a whole. We can lead by example and show international investors that the Islamic market is strong, safe and profitable, bringing in even more prospective investors from other global markets.”

The second panel focused on “The Business Intelligence Ecosystem Role in Tackling the Data Revolution.” In this speech, Mr. Kaissi emphasized the importance of having a cutting-edge business intelligence system with comprehensive credit information if investment into OIC countries is to be effectively maximized. Mr. Kaissi noted the significant progress made in establishing an OIC Business Intelligence Centre (OBIC) and its great potential for supporting OIC Member Countries: “OBIC will use advanced technology and Artificial Intelligence solutions to deliver credit information, with integrated blockchain technology facilitating greater accuracy, convenience, and speed.”

The OIC High-Level Public and Private Sector Investment Conference was a tremendous success, bringing together numerous committed and influential stakeholders with the shared mission of increasing OIC investment and spurring sustained OIC prosperity.