BAKU, Azerbaijan, June 17. The time has come
for the expansion of Arab Coordination Group's activities to
strengthen private sector synergies and build a collective pipeline
of global investment opportunities, Said Taufik Ridha, Director of
Business Development at the Private Sector Department of the OPEC
Fund for International Development, said, Trend's correspondent
reports from the event.
He made the remark during a meeting of the Arab Coordination
Group on the private sector within the framework of the IsDB Group
Annual Meeting in Baku.
"Cooperation between ACG members is truly impressive. Over the
past 50 years, we have implemented a huge number of projects and
achieved significant success. Recently, I have also observed how
much Latin American and African countries are interested in
cooperating with the ACG and strive to take advantage of its
opportunities. However, despite all this, the ACG's activities over
the years have been mainly focused on sovereign financing. Perhaps
it is time to expand this focus, which aligns with the theme of our
discussion today—how to enhance synergy in working with the private
sector among ACG members," he said.
Said Taufik Ridha noted that it is necessary to create a
collective investment deal pipeline.
"No less important is the exchange of knowledge and experience.
We need a platform where we can discuss the changes taking place
today in the world and in the field of development, analyze new
challenges and opportunities, as well as jointly look for ways to
increase the efficiency of our work," the OPEC Fund representative
said.
