AIIB signs agreement with MoIAT to open 1st overseas office in Abu Dhabi

AIIB signs agreement with MoIAT to open 1st overseas office in Abu Dhabi

The Asian Infrastructure Investment Bank (AIIB) and the United Arab Emirates (UAE) have signed a host member agreement to officially open in Abu Dhabi the Bank’s first overseas office, an Interim Operational Hub (the Hub).

Mr. Jin Liqun, President and Chair of the Board of Directors of AIIB, joined His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology (MoIAT) and UAE Governor of AIIB, during the signing ceremony in Abu Dhabi.

Dr. Sultan bin Ahmed Al Jaber

Minister of Industry and Advanced Technology

UAE “The agreement to host AIIB’s operational office reflects the UAE’s commitment to enhance cooperation with international organizations and institutions focused on sustainable economic development for developing countries. The office would serve as a strategic destination in the Middle East and the world, supporting AIIB’s development agenda and financing infrastructure projects to achieve sustainable economic growth.”

“As a founding member of AIIB, the UAE actively contributes to the Bank’s sound governance and rapid growth. The establishment of the Hub in the UAE gives the Bank a robust platform to manage our growing investment portfolio. It also enhances client and member engagement, project monitoring and implementation services across the globe,” said President Jin.

AIIB’s rapid growth is the catalyst for opening