Riyadh: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group, has signed a memorandum of understanding with Huawei Technologies Co., Ltd on the sidelines of the IsDB Annual Meeting, held in Riyadh between April 27 and 30.

The MoU, signed by ICIEC CEO Oussama Kaissi and Huawei Technologies President of Financing Operation Silas Zhang, aims to boost the telecommunications infrastructure across ICIEC member states.

Under the MoU, ICIEC will provide insurance solutions to support Huawei’s provision of advanced telecom network equipment and training to key telecom operators in the ICIEC member states.

Kaissi said that the MoU represents a significant roadmap toward strengthening the critical telecommunications infrastructures in member states, done by combining Huawei’s technological expertise with ICIEC’s robust insurance solutions.

Source: Saudi Press Agency