Saudi Arabia: IsDB Private Sector Forum including HDC Inaugural Halal Economy Leadership Forum

Private sector development is one of the main pillars in the Islamic Development Bank Group (IsDB Group) priorities and, therefore, in conjunction with the IsDB Group Annual Meetings, the IsDB Group private sector entities have been organizing the Private Sector Forum (PSF) yearly to address and further this priority.

The main objective of the PSF is to provide a unique platform to network and establish business relations and partnerships with other leading representatives and stakeholders from the business community in order to share their related experiences, success stories & best practices while jointly exploring investment and trade opportunities offered by member countries.

PSF will highlight the IsDB Group activities, services, and initiatives in the 57 member countries (investment, trade, and insurance). Also, to present the IsDB Group’s role in promoting private sector investment and cross-border trade, in addition of promoting the IsDB Group’s services to the private sector interested to invest in its member countries.

The Forum will also connect business communities in member countries by networking opportunities and parallel B2B and B2G meetings. It will also feature an awards ceremony reorganizing leaders in trade, insurance, and investment. PSF 2024 will give an opportunity to its member countries to promote their projects to potential investors.

PSF 2024 will take place from the 28th to the 30th of April 2024 at the InterContinental Riyadh Hotel – Riyadh, Kingdom of Saudi Arabia. The PSF Conference Venue can accommodate seating for approximately 350 participants with translation (English, Arabic & French), and all the side events will be live streamed on the official YouTube channels of IsDB Group.

Strategic Partners



HDC Expands its Reach to Saudi Arabia, Continue to Boost
Halal Industries in a USD3 Trillion Market

HDC Chairman Khairul Azwan Harun and CEO Hairol Ariffein Sahari

The HDC Inaugural Halal Economy Leadership Forum (HELF) 2024 themed ‘Navigating Future Opportunities, Embracing Innovation’ being held in Riyadh will help HDC to extend its global footprint. It will be held in conjunction with the IsDB Private Sector Forum 2024 on the 30 April 2024.

The HELF is jointly hosted with the IsDB and Saudi Arabia’s Halal Products Development Company (HPDC) to together make a significant contribution to the development of the halal industries in both Malaysia and Saudi Arabia, as well as across the OIC countries.

HDC Chairman Khairul Azwan noted that as a multilateral policy platform HELF 2024 would provide the necessary economic and trade instruments to develop, enable and integrate halal ecosystems between IsDB member countries, among non-member countries, and observer countries. A halal ecosystem enablement fund shall be set up to perform these needs, he also added.

He also said that there is an issue in the halal ecosystem on the technology adoption and digitalisation in the governance process that need attention throughout the supply chain, and the corporation is going towards that.

Samer Elesawi, head, IsDB Kuala Lumpur Centre of Excellence, said that the event could bring together all the member countries to support one another in the different levels of the halal ecosystem.

To be held at the InterContinental Riyadh, the two-hour leadership forum will have speeches by ministerial and organisational leaders, a panel discussion and an announcement of the halal ecosystem-building programme between IsDB, HDC and HPDC.

Azwan invited key decision-makers, diplomatic envoys, industry leaders, and government officials to attend this important forum. Currently, the top participating countries for delegates are Malaysia, Singapore, and the OIC countries, with efforts to attract more delegates from Africa and West Asia.

Admission is free of charge, to register and for more information about HELF 2024, please visit: