BAKU, Azerbaijan, June 17. More than 32
documents worth over $4.7 billion will be signed at the Islamic
Development Bank (IsDB) Group Private Sector Forum, Azerbaijani
Economy Minister Mikayil Jabbarov said at the opening ceremony of
Private Sector Forum 2026 in the second day of the Annual Meeting
of the IsDB Group in Baku, Trend's correspondent reports from the event


"According to the latest information we have received, we'll
witness the signing of more than 32 documents, including Memoranda
of Understanding, worth a total of over $4.7 billion during the
forum," Jabbarov explained.


The Minister said that the theme of this year's Annual Meeting,
"Regional Integration for Sustainable Prosperity," is particularly
relevant in light of the challenges of the modern era.


"I would like to begin my speech by expressing my gratitude to
the President of the Bank, Mohammed Al-Jasser. His visionary
leadership of the bank and the high-level cooperation we have
established with all institutions within the Islamic Development
Bank family should be specially noted. I also express my gratitude
to my colleagues and the leaders of other member countries for
entrusting Azerbaijan with hosting this year's Annual Meeting. We
believe that we will achieve fruitful discussions and significant
results," he emphasized.


Jabbarov noted that strengthening transport and economic ties,
deepening trade and investment cooperation, as well as close
cooperation between governments, development institutions, the
private sector, and other partners, are essential to ensure
sustainable prosperity.


According to the minister, last year's forum demonstrated the
great potential of this platform.







"Agreements worth over $3.6 billion were signed during the
previous forum. Since the beginning of the preparation process for
this year's annual meeting, the joint team of the Islamic
Development Bank and the Azerbaijani side has been closely
cooperating in organizing the private sector forum. Our goal is not
only to increase the volume of agreements to be signed and
transactions to be carried out, but more importantly, to ensure
their real impact and result-orientation," he announced.


Jabbarov emphasized that a record number of participants had
registered for the forum, indicating the high interest in the event
and its relevance.


"According to the latest information we have received, we will
witness the signing of more than 32 documents, including
Memorandums of Understanding, worth over $4.7 billion during the
forum. This is a significant result, exceeding last year's
indicators," the minister pointed out.


In conclusion, Jabbarov expressed his gratitude to the entire
team involved in the preparation of the Private Sector Forum and
stressed that the event was organized at a high level as a result
of their work.