IDB President makes statement to SPA

Ashqabad, June 01, SPA -- Dr. Ahmed Mohammed Ali, President of the
Jeddah-based Islamic Development Bank (IDB), said the bank's meeting
currently ongoing in Ashqabad is focusing on the agricultural,
industrial, global financial crisis, and Islamic financing issues
while the businessmen meeting held on its fringes focuses on
investment opportunities in Turkmenistan and neighboring countries.

In a statement to the Saudi Press Agency, he said his meeting with
the Turkmenistan President was fruitful.

He noted that Turkmenistan joined IDB in November 1994. IDB has
pumped some $90 million to finance development projects in the
country, he said.
--SPA