Secretary General Seeks Partnership with the International Cooperation Platform (ICP) for Promotion of the Role of the Private Sector in OIC Member States

Date: 26/11/2011

Efforts to increase the involvement of the Private Sector in the socio-economic development of OIC Member States, through collaboration with the regional organisations, were the thrust of the Keynote Message of Professor Ekmeleddin Ihsanoglu at the 2nd Bosphorus Regional Cooperation Summit, which concluded its proceedings in Istanbul, Turkey on 25 November 2011. Explaining the need for mobilising intra-OIC financial resources to increase investments in the various strategic economic sectors, the Secretary-General emphasized that the OIC Ten-Year Programme of Action sought to establish extensive regional cooperation among the various regional groupings with common membership with the OIC. He explained that the varied nature of the economic resources at the disposal of OIC Member States made collaboration among the 57 member states of the Organisation and other regional economic groupings mutually reinforcing and beneficial. The Secretary General also urged participants at the Summit to give consideration to consolidating partnership with the OIC so as to encourage inter-governmental actions aimed at facilitating access to the almost 1.5 billion-strong market of the OIC, while at the same time developing the huge potentials of the plethora of Small and Medium Enterprises in OIC Member States and their Private Sector. The 2nd Bosphorus Regional Economic Summit, which brought together decision makers and representatives of the public and private sectors in 41 countries from Asia, Middle East and North Africa, was held under the high patronage of President Abdullah Gul and Prime Minister Recep Tayyip Erdogan of Turkey. In addition to the OIC General Secretariat, key attendees at the Summit included Ministers from Turkey, Saudi Arabia, Pakistan and Jordan; senior public officials, CEOs of major corporate organisations and leading members of the intelligentsia and the Civil Society in the Middle East, North Africa and Asian region. Issues reviewed at the Summit included the creation of new partnerships to scale up the role of business, women and youth within a trust-focused neighbourhood policy in the region. The various panels discussed related policies in the domains of finance and banking, construction, energy, ICT, Transportation and logistics, Defence Industry, Agriculture and Education.

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