DBK took part in the meeting of the Arab Coordination Group

• 05.09.2024
• Press releases

DBK took part in the meeting of the Arab Coordination Group

Development Bank of Kazakhstan JSC (a subsidiary of the holding «Baiterek») took an active part in the round table meeting with the participation of the Arab Coordination Group, held for the first time in Kazakhstan.

At the event, the Kazakh side was represented by Deputy Prime Minister-Minister of National Economy of the Republic of Kazakhstan Nurlan Baibazarov, representatives of the Ministry of Water Resources and Irrigation, Health and Transport of the Republic of Kazakhstan, JSC "NMH "Baiterek", JSC "NWF Samruk Kazyna", Kazakhstan Investment Development Fund, JSC "NC KazakhInvest". The Chairman of the DBK Marat Yelibayev moderated the round table meeting.

The Arab Coordination Group was represented by the President of the Islamic Development Bank Group, Muhammad Sulaiman Al Jasser, the heads of the OPEC International Development Fund, the Kuwait Fund for Arab Economic Development, the Saudi Development Fund, and the Abu Dhabi Development Fund.

During the event, the meeting participants discussed prospects and opportunities for cooperation in financing strategically important investment projects in the field of water supply, irrigation, healthcare, transport and other social projects of priority importance for Kazakhstan.

"DBK is interested in strengthening long-term partnership with Arab financial institutions, which will not only attract significant investments into the economy of Kazakhstan, but also contribute to the implementation of strategic objectives set for the Bank," said the head of DBK Marat Yelibayev.

DBK's participation in this event underlines the Bank's commitment to developing international cooperation and attracting investments for sustainable economic growth in Kazakhstan.

For reference

The Arab Coordination Group (ACG) is a strategic alliance providing a coordinated response to development financing. The Group's collective efforts contribute to the sustainable development of communities around the world in a variety of areas, from infrastructure to healthcare. ACG, consisting of ten development funds, is the second largest group of financial development institutions in the world. ACG works all over the world, supporting developing countries and has a long-term positive impact.