Private Sector Engagement Initiative PSEI

Introduction:

During the past fifteen years COMSTECH created ten Inter-Islamic technical networks to support its plans for OIC countries. In general most of those networks have a low profile in terms of its planning and performance progress. Many challenges lie ahead of the OIC and its various arms to fulfill its science and technological cooperation mandate and goals. Hence, reflecting moderate achievements and limited visibility among its peer organizations, for many reasons some are beyond the scope of this paper. One outstanding issue is; restricted cooperation aspects within the OIC countries, all institutional membership representation in the OIC is confined to public sector partnership, deeming a taboo on private sector engagement. The absence of private sector contributions to the organization is leaving a huge gap that needs to be bridged; at present and in the future there is no escape from some form of cooperation with the private sector.

 

Rationale:

Globally the private sector is playing a major role in policy and strategy formulation and implementation in NGOs and major international organizations such as the International Union for the Conservation of Nature (IUCN). Understanding the extent to which the private sector can participate and contribute in the process of evolution of societies and states is the key element for the success of this initiative. Further, private sector elements favor involvement in decision making, by providing information, experiences and funding, which is a smart incentive to involve production and commercial bases of the economy in a cooperation mode. In fact it is a motivator towards engagement to share responsibilities.

A win-win situation can be reached based on common activities. In particular, water industry, which is a mutual facility to provide service to the benefit of the public, enhancing this combination as a platform for cooperation will lead into much greater gains. Involving water technologies and industries in a consultative manner with the INWRDAM will create multi fold opportunities in terms of technical aspects and financing opportunities.

To conclude, the importance of this initiative, opportunities come and go, but the goal of an institution remains fixed to achieve the intended targets. Grasping such opportunities to advance an organization requires great deal of commitment and focus. The vision for future should not be diluted with prevailing impediments; the courage to leap forward is a character of success.
The availability of the Islamic Development Bank IDB is a blessing in taking these initiatives forward and making a land mark progress. In fact, accessibility to high calibre domestic human resources required to thrust for such a plan will be of great merit, in terms of economic development and added value.

The political leadership support should materialize application in a rapid manner to allow for the technical arms / COMSTECH/ INWRDAM to act swiftly and efficiently in instituting the desired change.
The alternative lack of action will certainly stagnate the Ummah, languishing all existing aspirations and hope and resulting in despair and further quail.

 

What is next:

The INWRDAM as an independent entity can act unilaterally in creating the appropriate links with private sector interest groups. Already association with some private sector water industry exist, among others.

A leading role can be played by INWRDAM with selected industrial partner/s agreeing on mutual long term interests and aspirations.
Moreover, the implications of such a cooperation framework will boost economies at a micro level increasing interdependency of state social and economic structures. The impact in terms of employment and value added represents a unique opportunity for government agencies to follow and benefit from.