Islamic Development Bank sets out roadmap to promote Arab-African trade

The Arab-Africa Trade Bridges Program was organized in Rabat recently.
Updated 05 March 2017

Islamic Development Bank sets out roadmap to promote Arab-African trade

RIYADH: The Islamic Development Bank (IDB) is developing a roadmap to strengthen Arab-African trade over the next three years, according to Hakim Elwaer, IDB’s official spokesman.
The roadmap includes identifying business opportunities and the areas of finance, building logistics platform, supporting trade, credit and insurance, and developing the necessary infrastructure to facilitate trade.
IDB President Bandar Hajjar and Mamoun Buhedod, minister delegate to the Ministry of Industry, Trade, Investment and Digital Economy in Morocco, inaugurated the Arab-African Trade Bridges (AATB) forum held in Rabat last month.
IDB’s support for development programs and infrastructure projects in Africa has reached more than $43 billion, which included funding for projects in infrastructure, according to IDB’s website.
Hajar added that the volume of trade financing granted to Arab and African member countries since the establishment of the International Islamic Trade Finance Corporation (ITFC), which is IDB’s trade financing arm, has reached about $15 billion.
This is in addition to cooperation with many strategic partners to design and implement programs for the development of trade among member countries.
Hajar urged Arab and Sub-Saharan African countries to take advantage of capacity development programs to be available thanks to the “Arab-African Trade Bridges” program over the next three years.
The participants in the forum and side events included trade ministers, directors of trade promotion agencies, presidents of the chambers of commerce and industry representing OIC Arab and Sub-Saharan African member countries as well as international financial institutions and banks.
A number of memorandums of understanding were signed between the main participants during the forum’s inauguration ceremony.
The initiative of the “Trade Bridges between Arab and Sub-Saharan African countries” forum was proposed by the ITFC during the seventh meeting of the Coordination Group to support cooperation in the field of foreign trade and export credit.
Besides ITFC, the Coordination Group includes the Arab Bank for Economic Development in Africa (BADEA), the Islamic Corporation for the Insurance of Investment and Export Credit (ICD), the Arab Trade Financing Program, the Arab Monetary Fund, the OPEC Fund for International Development, the Saudi Fund for Development and the Arab Investment & Export Credit Guarantee Corporation.


Fahad Al-Azzam, assistant deputy minister for empowerment at the Saudi Ministry of Health

Updated 14 August 2020

Fahad Al-Azzam, assistant deputy minister for empowerment at the Saudi Ministry of Health

Fahad Al-Azzam has been the assistant deputy minister for empowerment at the Ministry of Health since September 2019.
He has also been the general manager for enterprise at the ministry’s project management office since July 2016, where he developed and implemented a standard set of project management processes and models, and built the framework and updated it to account for developments and best practices.
It was announced on Monday that Al-Azzam’s role as assistant deputy minister for empowerment has been extended for another year.
Al-Azzam obtained a bachelor’s degree in electrical engineering at King Fahd University of Petroleum and Minerals, Dhahran, in 2007. He studied abroad in the US, obtaining a master’s degree in engineering and technology management from the University of Bridgeport, Connecticut, in 2014.
Prior to his current position, Al-Azzam worked as a cooperative trainee at the Saudi Electricity Co. between May and October 2006.
At the Advanced Electronics Co., he worked as an assistant field service engineer between July 2007 and May 2009, and technical support and field service engineer between May 2009 and December 2010.
At the Saudi Food and Drug Authority, he worked as senior electrical engineer at their radiation safety department between January 2011 and February 2015.
He developed a safety program for exporting and importing electronics devices to and from Saudi Arabia and worked at controlling the risk resulting from the use of radiation-emitting devices. He also worked there as a project manager at their project management office between February 2015 and July 2016.