Wednesday 15, March 2017 by Georgina Enzer

ICD and TUV SUD consider strategic partnership to develop private sector in Central Asia

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and TUV SUD signed a memorandum of understanding (MoU) to foster their joint operations, and expand the services offered to private sector investors in the countries of Central Asia.

“Ensuring close and effective cooperation between international institutions has to be a top priority in this period of economic turmoil. ICD and TUV SUD can provide mutual assistance to promote private investment and infrastructure in the member countries, to create jobs and future growth opportunities,” said Al-Aboodi.

The Chief Executive Officer and General Manager of ICD, Khaled Al Aboodi and the Managing Director of TUV SUD Central Asia, Anar Ahmadov, signed the MoU on behalf of the two organisations during IFN CIS forum in Astana, the capital of Kazakhstan on 14 March 2017.

The aim of the MoU is to facilitate cooperation between ICD and TUV SUD in promoting private sector participation in developing the member countries and inform about business opportunities in countries of Central Asia. This partnership will enable the two institutions to work closely on, among other things, market studies related to the transit and logistic sector in the common member countries.

“This MoU will enhance closer and more effective collaboration between TUV SUD and ICD and render our respective activities more effective and beneficial to the private sector players in the countries in which we undertake our respective operations,” said Ahmadov.


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