The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Alat Free Economic Zone Authority (AFEZA) of the Republic of Azerbaijan have signed a Memorandum of Understanding (“MoU”), Report informs, citing The Guardian.

The MoU was signed by Mr. Ayman Amin Sejiny, CEO of ICD, and Mr. Valeh Alasgarov, Chairman of the Board of Directors, AFEZA.