Hemmati says cooperation roadmap charted with IsDB, OPEC Fund
Iran’s Economy Minister Abdolnaser Hemmati announced plans to strengthen relations with the Islamic Development Bank (IsDB) and the OPEC Fund for International Development.
He acknowledged the current challenges in Tehran’s interactions with the two institutions, which have been impacted by sanctions, and said future cooperation was mapped out during recent meetings with their leaders, IRNA wrote.
In a statement in Farsi on X, Hemmati detailed his discussions in Riyadh with the heads of both organizations.
“We held extensive meetings and agreed that the OPEC Fund would not only provide loans to developing countries but also utilize the technical and engineering services of Iranian companies and encourage Iranian private investors to participate in joint projects,” he said.
Hemmati traveled to Riyadh on Monday to attend the 28th Annual Meeting of the World Association of Investment Promotion Agencies (WAIPA). The three-day event, which began on Monday, focuses on leveraging digital transformation and exploring sustainable growth investment opportunities.
During his trip, Hemmati also met Saudi Finance Minister Mohammed Al-Jadaan and Saudi Minister of Investment Khalid Al-Falih. The Global Investment Conference is an international platform aimed at promoting foreign direct investment (FDI), trade, and technology.