Saudi- IDB forum promotes trade partnerships 

(MENAFN - Arab News) Malaysian Prime Minister Najib Tun Razak opened an investment forum in Kuala Lumpur, which is being organized by Islamic Development Bank (IDB) Group, according to Saudi Press Agency (SPA).

The three-day forum is themed "toward strategic business partnership between Malaysia and IDB member countries."

Razak affirmed his country's keen interest to cooperate with all investors, particularly with members of the Organization of Islamic Cooperation (OIC).

IDB President Ahmed Muhammad Ali said convening of the forum demonstrates commitment of the IDB Group in helping Malaysia to realize its economic and social development.

He said total funds approved by the IDB Group to Malaysia have reached 1.4 billion for 117 projects covering infrastructure, energy, education, agriculture, mining in addition to imports and exports.

He touched upon the partnership program between the IDB Group and Malaysia, which is aimed at implementing strategic projects in Malaysia within the framework of IDB's vision up to 2020.

Delegates of 35 countries, including IDB member countries, China, South Korea, Russia, OIC, Islamic and Arab commerce chambers, Malaysian banks, and the diplomatic corps accredited to Kuala Lumpur, are attending the three-day forum, which ends Friday.