Jeddah, November 29, 2022, SPA -- President of the Republic of Turkiye Recep Tayyip Erdogan inaugurated, in Istanbul today, the work of the thirty-eighth session of the OIC Standing Committee for Economic and Commercial Cooperation (COMCEC), in the presence of Secretary General of the Organization of Islamic Cooperation (OIC) Hissein Brahim Taha, the relevant ministers of the member states, ambassadors and heads of delegations. In his speech, the Turkish President stressed the importance of supporting the OIC's activities, while the OIC Secretary General called on all member states to consolidate the spirit of solidarity between them, and the importance of establishing a fund to finance emerging projects to support and encourage innovative youth projects in various economic fields. The President of the Islamic Development Bank Group, Dr. Mohammed Al-Jasser, delivered a speech in which he touched on the current programs of the bank, and the allocation of USD10.54 billion for the Comprehensive Response to Food Security Program, which aims to support the efforts of the member states of the organization to face security challenges. The session reviewed a number of programs within the framework of the COMCEC, including trade, investment, agriculture, tourism and financial development. --SPA 19:10 LOCAL TIME 16:10 GMT 0020 www.spa.gov.sa/w1820056