Abu Dhabi to become home to first operational office of Asian Infrastructure Investment Bank

Abu Dhabi to become home to first operational office of Asian Infrastructure Investment Bank

ABU DHABI, 19th April, 2023 (WAM) -- Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, COP28 President-Designate, and UAE Governor of the Asian Infrastructure Investment Bank (AIIB); and Jin Liqun, President of AIIB, signed the Host Member Agreement for establishing the AIIB’s Interim Operational Hub in the UAE on the Abu Dhabi Global Market, AIIB’s first overseas office.

On this occasion, Dr. Al Jaber and Jin Liqun held in-depth discussions on the emerging opportunities for the AIIB to strengthen its role in the region as a leading development bank and on the importance of reforming the international financial institutions (IFIs) and finding practical and comprehensive solutions to address the imperative of scaling up financing of global climate action through these institutions.

Dr. Al Jaber said that the agreement to host the overseas operational office of the AIIB reflects the UAE’s commitment to enhancing cooperation with international organisations and institutions focused on sustainable economic development for developing countries. He also noted that the operational office would serve as a strategic destination in the Middle East and the world, supporting the Bank’s development agenda and financing infrastructure projects to achieve sustainable economic growth, especially where it is needed the most