On September 22 2021, International Islamic Food Processing Association (“IFPA”) held a meeting with the representatives of the IZDEHAR Palestine Prosperity Investment Development (“IZDEHAR”).
IZDEHAR was established in 2019 by a group of development driven investors with the aim to initiate and develop large-scale commercially viable projects including Energy, Industrial Zones, Waste Management, Agriculture and Affordable Housing sectors.
During the meeting, Mr. Majdi Haj Khalil, Institutional and International Relations representative and Mr. Issam Gharayba, Manager of IZDEHAR discussed with H.E. Sheikh Bilal Khan, Director General and CEO of IFPA about prospect cooperation and IZDEHAR’s agricultural projects such as animal feed manufacturing plant that will offer complete feed pelleting plant solutions to the global animal feed and livestock industry, the vegetable oil extraction factory with a production capacity of 120 tons per day and construction of grain storage creating enabling environment for grain production and storage.
The Director General and CEO of IFPA, H.E Sheikh Bilal Khan remarked that: “IFPA is ready to consolidate its efforts with IZDEHAR to develop bespoke agricultural investment projects to facilitate profitability of small and large scale enterprises and expanding of cooperation between businesses and food companies of Palestine and intra-OIC countries to increase the volume of mutual trade and food supplies through engagement and enhancement of investments related to the use of Islamic finance, investment funds, Shariah structuring, and other Islamic Investment instruments as well as tailored capacity building training programmes in especially designed areas delivered by IFPA and its training partners.”
The Director General and CEO of IFPA and the representative of IZDEHAR expressed their mutual interest for closer cooperation in the very near future to exactly define the framework for involvement of IZDEHAR as a corporate member of IFPA.