Advancing Dialogue and Exploring Co-Financing Opportunities in Riyadh

The Turkic Investment Fund (TIF), represented by Mr. Ramil A. Babayev, General Director, and Mr. Sanjar Usmanov, Chief Investment Officer, took part in the MOMENTUM 2025 – Development Finance Conference, hosted by the National Development Fund of Saudi Arabia in Riyadh.

On the sidelines of the event, TIF held a series of constructive meetings with key Saudi institutions, including the Ministry of Investment of Saudi Arabia, the Saudi Fund for Development (SFD), and the Saudi EXIM Bank, aimed at exploring potential areas of collaboration and co-financing.

During the meeting with the Saudi Fund for Development, TIF engaged with Mr. Shujaa Hassan Alossaimi, Director of the Partnerships Department, and Ms. Majedah Almajed, to discuss potential co-financing opportunities across TIF member countries, including through coordination mechanisms within the Arab Coordination Group, and to identify areas of strategic alignment.

TIF also held a dedicated meeting with Saudi EXIM Bank, represented by Dr. Naif A. Alshammari, Deputy CEO and Chairman of the Arab Investment & Export Credit Guarantee Corporation, Mr. Feras M. Nasrallah, Director General of Business Enablement & Studies, Mr. Abdullatif S. Alghaith, Director of Lending, and Mr. Mohammed Alabdulmohsen, Head of Financial Institutions. The discussions focused on concrete cooperation avenues, with an agreement to continue engagements at the technical level through dedicated teams to elaborate on cooperation mechanisms and formalize the relationship between the two institutions.

More broader cooperation opportunities have also been discussed with the Ministry of Investment of Saudi Arabia, represented by Mr. Abdulaziz A. AlDughaither, Senior Investor Relations Manager of the Ministry, during which TIF has been introduced to the Ministry as a potential co-investment partner within the Turkic region.

TIF values these exchanges and looks forward to further strengthening partnerships with Saudi institutions, with the objective of fostering sustainable development, enhancing regional connectivity, and supporting trade and investment flows across its member states.