ICD and ITHMAR CAPITAL join forces to boost energy transition and food security in Morocco and Africa
Jeddah, Saudi Arabia - The Islamic Corporation for the Development of the Private Sector (ICD) signed an agreement with ITHMAR CAPITAL on 12 May 2023 during the 2023 IsDB Annual Meetings held in Jeddah, at the King Abdullah Congress Center, Ritz Carlton Hotel, Jeddah.
ICD and ITHMAR CAPITAL will together explore and identify opportunities for investment, financing, advisory services in the Energy transition and related industries as well as food security, and infrastructures in Morocco as well as other ICD member countries. The signing ceremony was attended by Mr. Obaid Amrane, CEO of ITHMAR CAPITAL and officials present at the signing ceremony].
Eng. Hani Salem Sonbol said, "We are pleased to sign this agreement with ITHMAR CAPITAL. We look forward to support and contribute the development of the private sector in Morocco as well as other ICD Member Countries in Africa.
Mr. Obaïd Amrane said, "This agreement will enable a stronger collaboration between our institutions. Today’s signing will go a long way in supporting the efforts we put towards energy transition and related industries, food security and infrastructures. It demonstrates our mutual focus on Africa and the countries that are members of both Africa Sovereign Investors Forum and ICD.
This agreement demonstrates ICD's commitment to supporting the development of the private sector in ICD’s member countries in Africa and contributing to the achievement of the Sustainable Development Goals.