National Infrastructure Fund, ICIEC Partner to Boost Infrastructure Development in Saudi Arabia

The National Infrastructure Fund (INFRA) has signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group.

This MoU, signed during the IsDB Group Annual Meeting 2024 in Riyadh by ICIEC CEO Oussama Kaissi and INFRA CEO Eng. Esmail Alsallom, establishes a framework for cooperation between ICIEC and INFRA.

Key initiatives include the exploration of opportunities of mutual interest within the Kingdom in line with its development objectives, institutional cooperation and knowledge exchange through the continuation of dialogue and participation in relevant events.

The parties will coordinate participation in field-related activities and foster affiliations with relevant entities or professional associations to strengthen collaborative ties.

Through this collaboration, ICIEC will support INFRA’s efforts to accelerate strategic infrastructure projects in the Kingdom, contributing to the goals of Saudi Vision 2030.