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Press release
Infrastructure	
  Investment	
  Security	
  in	
  the	
  MENA	
  region:	
  the	
  OECD	
  launched	
  a	
  
task	
  force	
  on	
  Islamic	
  finance	
  to	
  attract	
  Islamic	
  finance	
  into	
  infrastructure	
  
projects	
  –	
  the	
  task	
  force	
  is	
  led	
  by	
  representatives	
  from	
  the	
  Université	
  Paris-­‐
Dauphine.	
  
Paris,	
  April	
  16,	
  20014	
  -­‐	
  Under	
  the	
  MENA-­‐OECD	
  Program,	
  the	
  OECD	
  has	
  set	
  up	
  a	
  task	
  force	
  dedicated	
  to	
  
attracting	
  Islamic	
  finance	
  investors	
  into	
  infrastructure	
  projects	
  in	
  the	
  Middle	
  East	
  and	
  North	
  Africa	
  
(MENA).	
  This	
  OECD	
  task	
  force	
  on	
  Islamic	
  finance	
  is	
  led	
  by	
  representatives	
  from	
  the	
  University	
  of	
  Paris	
  
Dauphine	
  which	
  has	
  a	
  well	
  established	
  expertise	
  in	
  this	
  area.	
  The	
  representatives	
  includ	
  Mr.	
  Arnaud	
  
Raynouard	
  and	
  Mr.	
  Kader	
  Merbouh,	
  as	
  well	
  as	
  Mr.	
  Patrick	
  Gerry	
  and	
  Mr.	
  Nasser	
  Zammit1
.	
  	
  
	
  
The	
  creation	
  of	
  this	
  task	
  force	
  is	
  one	
  of	
  the	
  recommendations	
  of	
  the	
  inaugural	
  conference	
  organized	
  by	
  
the	
  MENA-­‐OECD	
  investment	
  security	
  in	
  the	
  Mediterranean	
  region	
  Working	
  Group	
  (ISMED	
  Working	
  
Group2
)	
  on	
  December	
  9,	
  2013	
  in	
  Paris.	
  This	
  event	
  brought	
  together	
  representatives	
  of	
  several	
  countries	
  
of	
  the	
  MENA	
  region	
  as	
  well	
  as	
  senior	
  representatives	
  from	
  various	
  regional	
  development	
  organizations.	
  
	
  
According	
  to	
  Marcos	
  Bonturi,	
  Director	
  of	
  International	
  Relations	
  at	
  OECD:	
  "Mitigating	
  the	
  risks	
  for	
  
private	
  investments	
  is	
  a	
  critical	
  step	
  for	
  the	
  financing	
  and	
  development	
  of	
  infrastructure	
  in	
  the	
  MENA	
  
region.	
  Today,	
  there	
  are	
  several	
  billion	
  euros	
  of	
  projects	
  that	
  are	
  awaiting	
  funding.	
  "	
  
	
  
This	
  task	
  force	
  will	
  contribute	
  to	
  the	
  ISMED	
  working	
  group’s	
  agenda	
  to	
  share	
  and	
  clarify	
  best	
  practices	
  in	
  
private	
  financing	
  of	
  public	
  projects,	
  and	
  to	
  assist	
  countries	
  in	
  the	
  MENA	
  region	
  to	
  improve	
  the	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
1
	
  Mr.	
  Arnaud	
  Raynouard	
  is	
  Professor	
  of	
  Law	
  and	
  Vice-­‐Chairman	
  of	
  the	
  Board	
  of	
  Directors,	
  in	
  charges	
  of	
  
International	
  Affairs	
  at	
  the	
  University	
  of	
  Paris	
  Dauphine;	
  Mr.	
  Kader	
  Merbouh	
  is	
  responsible	
  for	
  the	
  Executive	
  
Master	
  in	
  Principles	
  and	
  Practices	
  of	
  Islamic	
  Finance,	
  International	
  Cooperation	
  Officer	
  for	
  	
  MENA	
  Zone	
  in	
  the	
  
International	
  Affairs	
  department	
  of	
  the	
  University	
  of	
  Paris-­‐Dauphine	
  and	
  Special	
  Advisor	
  EUROPLACE;.	
  Mr	
  Patrick	
  
Gerry	
  is	
  Partner	
  at	
  Simmons	
  &	
  Simmons	
  and	
  former	
  student	
  of	
  the	
  Executive	
  Master. Mr.	
  Nasser	
  Zammit	
  is	
  Advisor	
  
and	
  Consultant	
  in	
  International	
  Relations;	
  Author,	
  Doctor	
  of	
  Political	
  Science,	
  International	
  Relations	
  and	
  
Diplomacy,	
  lecturer	
  and	
  speaker	
  in	
  the	
  Executive	
  Master.	
  
2
	
  	
  The	
  Investment	
  Security	
  in	
  the	
  Mediterranean	
  region	
  (ISMED)	
  program	
  aims	
  at	
  promoting	
  private	
  investments	
  in	
  
infrastructure	
  in	
  southern	
  Mediterranean	
  countries,	
  by	
  providing	
  advisory	
  services	
  to	
  governments	
  on	
  how	
  to	
  
reduce	
  legal	
  risks	
  related	
  to	
  specific	
  infrastructure	
  projects,	
  	
  by	
  facilitating	
  public-­‐private	
  dialogue	
  to	
  improve	
  the	
  
overall	
  legal	
  and	
  regulatory	
  framework,	
  and	
  by	
  providing	
  potential	
  investors	
  with	
  detailed	
  information	
  on	
  financial	
  
risks	
  mitigation	
  instruments	
  available	
  in	
  the	
  regions.	
  
	
  
conditions	
  and	
  enabling	
  environment	
  to	
  facilitate	
  the	
  implementation	
  of	
  public	
  policies	
  for	
  
infrastructure,	
  socio-­‐economic	
  and	
  cultural	
  development.	
  
	
  
More	
  specifically,	
  the	
  task	
  force	
  will	
  share	
  its	
  recommendations	
  on	
  how	
  to	
  attract	
  Islamic	
  finance	
  
investors	
  into	
  infrastructure	
  projects	
  in	
  the	
  MENA	
  region	
  during	
  the	
  next	
  meeting	
  of	
  the	
  ISMED	
  working	
  
group	
  by	
  the	
  end	
  of	
  2014.	
  
	
  
	
  
	
  
	
  
About	
  the	
  University	
  of	
  Paris	
  -­‐Dauphine	
  
The	
  University	
  of	
  Paris	
  Dauphine	
  is	
  a	
  leading	
  institution	
  of	
  higher	
  education	
  engaged	
  in	
  teaching	
  and	
  
research	
  in	
  the	
  field	
  of	
  organizational	
  sciences	
  (management,	
  economics,	
  mathematics,	
  computer	
  
science	
  ,	
  law,	
  sociology	
  and	
  political	
  science).	
  With	
  386	
  permanent	
  professors,	
  9500	
  students	
  including	
  	
  
5341	
  in	
  Master	
  programs,	
  and	
  offers	
  104	
  courses	
  at	
  the	
  Licence,	
  Master	
  and	
  Doctorate	
  level.	
  Re-­‐	
  
accredited	
  Equis	
  in	
  2012,	
  the	
  University	
  of	
  Paris	
  Dauphine	
  is	
  one	
  of	
  the	
  leading	
  universities	
  in	
  Europe	
  in	
  
its	
  field	
  and	
  is	
  a	
  founding	
  member	
  of	
  PSL	
  (	
  Paris	
  Sciences	
  et	
  Lettres	
  ),	
  which	
  is	
  part	
  of	
  the	
  initiatives	
  of	
  
excellence	
  selected	
  by	
  an	
  international	
  jury	
  under	
  the	
  Grand	
  Emprunt	
  .	
  The	
  University	
  of	
  Paris	
  Dauphine	
  
is	
  also	
  a	
  member	
  of	
  the	
  Conférence	
  des	
  Grandes	
  Ecoles	
  .	
  www.dauphine.fr	
  
	
  
Press	
  contact:	
  
	
  Florent	
  GOT	
  University	
  of	
  Paris	
  Dauphine	
  
	
  florent.got	
  @	
  dauphine.fr	
  	
  
01	
  44	
  05	
  45	
  71	
  -­‐	
  06	
  25	
  25	
  21	
  60	
  	
  
presse.dauphine.fr	
  
	
  

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Oecd Press Release

  • 1. Press release Infrastructure  Investment  Security  in  the  MENA  region:  the  OECD  launched  a   task  force  on  Islamic  finance  to  attract  Islamic  finance  into  infrastructure   projects  –  the  task  force  is  led  by  representatives  from  the  Université  Paris-­‐ Dauphine.   Paris,  April  16,  20014  -­‐  Under  the  MENA-­‐OECD  Program,  the  OECD  has  set  up  a  task  force  dedicated  to   attracting  Islamic  finance  investors  into  infrastructure  projects  in  the  Middle  East  and  North  Africa   (MENA).  This  OECD  task  force  on  Islamic  finance  is  led  by  representatives  from  the  University  of  Paris   Dauphine  which  has  a  well  established  expertise  in  this  area.  The  representatives  includ  Mr.  Arnaud   Raynouard  and  Mr.  Kader  Merbouh,  as  well  as  Mr.  Patrick  Gerry  and  Mr.  Nasser  Zammit1 .       The  creation  of  this  task  force  is  one  of  the  recommendations  of  the  inaugural  conference  organized  by   the  MENA-­‐OECD  investment  security  in  the  Mediterranean  region  Working  Group  (ISMED  Working   Group2 )  on  December  9,  2013  in  Paris.  This  event  brought  together  representatives  of  several  countries   of  the  MENA  region  as  well  as  senior  representatives  from  various  regional  development  organizations.     According  to  Marcos  Bonturi,  Director  of  International  Relations  at  OECD:  "Mitigating  the  risks  for   private  investments  is  a  critical  step  for  the  financing  and  development  of  infrastructure  in  the  MENA   region.  Today,  there  are  several  billion  euros  of  projects  that  are  awaiting  funding.  "     This  task  force  will  contribute  to  the  ISMED  working  group’s  agenda  to  share  and  clarify  best  practices  in   private  financing  of  public  projects,  and  to  assist  countries  in  the  MENA  region  to  improve  the                                                                                                                             1  Mr.  Arnaud  Raynouard  is  Professor  of  Law  and  Vice-­‐Chairman  of  the  Board  of  Directors,  in  charges  of   International  Affairs  at  the  University  of  Paris  Dauphine;  Mr.  Kader  Merbouh  is  responsible  for  the  Executive   Master  in  Principles  and  Practices  of  Islamic  Finance,  International  Cooperation  Officer  for    MENA  Zone  in  the   International  Affairs  department  of  the  University  of  Paris-­‐Dauphine  and  Special  Advisor  EUROPLACE;.  Mr  Patrick   Gerry  is  Partner  at  Simmons  &  Simmons  and  former  student  of  the  Executive  Master. Mr.  Nasser  Zammit  is  Advisor   and  Consultant  in  International  Relations;  Author,  Doctor  of  Political  Science,  International  Relations  and   Diplomacy,  lecturer  and  speaker  in  the  Executive  Master.   2    The  Investment  Security  in  the  Mediterranean  region  (ISMED)  program  aims  at  promoting  private  investments  in   infrastructure  in  southern  Mediterranean  countries,  by  providing  advisory  services  to  governments  on  how  to   reduce  legal  risks  related  to  specific  infrastructure  projects,    by  facilitating  public-­‐private  dialogue  to  improve  the   overall  legal  and  regulatory  framework,  and  by  providing  potential  investors  with  detailed  information  on  financial   risks  mitigation  instruments  available  in  the  regions.    
  • 2. conditions  and  enabling  environment  to  facilitate  the  implementation  of  public  policies  for   infrastructure,  socio-­‐economic  and  cultural  development.     More  specifically,  the  task  force  will  share  its  recommendations  on  how  to  attract  Islamic  finance   investors  into  infrastructure  projects  in  the  MENA  region  during  the  next  meeting  of  the  ISMED  working   group  by  the  end  of  2014.           About  the  University  of  Paris  -­‐Dauphine   The  University  of  Paris  Dauphine  is  a  leading  institution  of  higher  education  engaged  in  teaching  and   research  in  the  field  of  organizational  sciences  (management,  economics,  mathematics,  computer   science  ,  law,  sociology  and  political  science).  With  386  permanent  professors,  9500  students  including     5341  in  Master  programs,  and  offers  104  courses  at  the  Licence,  Master  and  Doctorate  level.  Re-­‐   accredited  Equis  in  2012,  the  University  of  Paris  Dauphine  is  one  of  the  leading  universities  in  Europe  in   its  field  and  is  a  founding  member  of  PSL  (  Paris  Sciences  et  Lettres  ),  which  is  part  of  the  initiatives  of   excellence  selected  by  an  international  jury  under  the  Grand  Emprunt  .  The  University  of  Paris  Dauphine   is  also  a  member  of  the  Conférence  des  Grandes  Ecoles  .  www.dauphine.fr     Press  contact:    Florent  GOT  University  of  Paris  Dauphine    florent.got  @  dauphine.fr     01  44  05  45  71  -­‐  06  25  25  21  60     presse.dauphine.fr