Mozambique and Türkiye discuss closer economic cooperation, investment opportunities

Mozambique’s Minister of Economy, Basílio Muhate, met Türkiye’s Minister of Trade, Ömer Bolat, in Istanbul on the sidelines of the 42nd session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organisation of Islamic Cooperation (OIC) to discuss ways of deepening bilateral economic cooperation.

Talks between Minister Muhate and his Turkish counterpart focused on facilitating investment, strengthening business partnerships and identifying opportunities in the tourism, logistics, energy, construction and public works sectors.

The initiative aims to boost productive investment, create new opportunities for national companies and contribute to job creation in Mozambique, the Ministry of Economy’s press statement reads.

The 42nd session of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (OIC), known as COMCEC, is being held today in Istanbul. The following infographic provides background information about the committee, its mission, and its activities.

#OIC #COMCEC #Türkiye #Istanbul

— OIC (@OIC_OCI) November 2, 2026

In His Address to COMCEC: Secretary-General Proposes Holding an Islamic Economic Summit Starting in 2028

Istanbul: November 2, 2026

His Excellency the Secretary-General of the Organization of Islamic Cooperation (OIC), Mr. Ismail Ould Cheikh Ahmed, called today, Monday, November 2, 2026, in his address to the 42nd session of the Standing Committee for Economic and Commercial Cooperation (COMCEC), held in Istanbul, for the convening of the OIC’s first economic summit in 2028, to be held periodically.
This is in line with his strategic vision for developing the OIC, revitalizing Islamic economic cooperation, and establishing more effective strategies to address current challenges.
The Secretary-General stated that the proposed summit would lead to an agreement on a common strategic direction and a concrete roadmap for supporting and strengthening the economies of member states.
He emphasized that COMCEC, the Islamic Development Bank Group (IsDB), the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), and other OIC institutions would play pivotal roles in formulating this initiative and driving its implementation. The Secretary-General also affirmed that COMCEC remains the OIC’s primary platform for economic and commercial cooperation.
The Secretary-General called for accelerating intra-OIC trade by reducing trade barriers and stressed the need for investment and productive capacity to become fundamental pillars of economic integration in the Islamic world.
He emphasized the importance of giving greater attention to financial cooperation and deepening financial integration to enhance trade, investment, and sustainable development in all member states. He also called for placing food security and agricultural development at the heart of cooperation among member states, strengthening connectivity as a cornerstone of economic integration within the framework of the OIC, and developing tourism as an important area for economic cooperation.
The Secretary-General expressed his deep appreciation to His Excellency the President of the Republic of Türkiye, Mr. Recep Tayyip Erdoğan, for his continued leadership, and to the Turkish government and people for their steadfast commitment to the goals of COMCEC and the OIC.

#OIC #COMCEC #Türkiye #Istanbul

— OIC (@OIC_OCI) November 2, 2026