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32 COUNTRIES TO TAKE PART IN ISLAMIC TRADE FAIR

January 03, 2001
THIRTY-TWO COUNTRIES HAVE CONFIRMED THEIR PARTICIPATION IN THE FIRST INTERNATIONAL ISLAMIC TRADE FAIR (IITF) TO BE HELD AT THE JEDDAH INTERNATIONAL EXHIBITION AND CONVENTION CENTER (JIEC) HERE IN MARCH.

IN A REPORT PUBLISHED TODAY, RIYADH DAILY SAID THE AIM OF THE EVENT SPONSORED BY THE ISLAMIC DEVELOPMENT BANK (IDB) AND THE JEDDAH MARKETING BOARD (JMB), AN AFFILIATE OF JEDDAH'S CHAMBER OF COMMERCE AND INDUSTRY (JCCI) IS TO STIMULATE TRADE AND INVESTMENT, BRINGING TOGETHER NATIONAL STANDS AND BUSINESS MEN FROM 50 ISLAMIC COUNTRIES.

DR AHMED MOHAMMAD ALI, PRESIDENT OF THE IDB SAID THE FAIR WOULD BOLSTER INTRA-TRADE AMONG MUSLIM COUNTRIES, ADDING THAT IDB IS PLANNING TO DOUBLE ITS AMOUNT OF $1 BILLION TO $2 BILLION TO HELP ENCOURAGE INTRA-TRADE AMONG MEMBER STATES OF THE ORGANIZATION OF ISLAMIC CONFERENCE.

HE SAID HOLDING OF THE FAIR IN JEDDAH, WHICH HAS BEEN A COMMERCIAL CENTER FOR AGES, WOULD HELP REALIZE THE OBJECTIVE OF STRENGTHENING THE ECONOMIC BONDS AMONG MUSLIM COUNTRIES.
 Saudia-Online.com

Source: SPA

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04 January 2001 01:22:23 PM