Emirates News Agency – Abu Dhabi Development Authority and Asian Infrastructure Investment Bank discuss strengthening cooperation and supporting development programs

Emirates News Agency – Abu Dhabi Development Authority and Asian Infrastructure Investment Bank discuss strengthening cooperation and supporting development programs
Emirates News Agency – Abu Dhabi Development Authority and Asian Infrastructure Investment Bank discuss strengthening cooperation and supporting development programs

Emirates News Agency – Abu Dhabi Development Authority and Asian Infrastructure Investment Bank discuss strengthening cooperation and supporting development programs

  • Emirates News Agency – Abu Dhabi Development Authority and Asian Infrastructure Investment Bank discuss strengthening cooperation and supporting development programs

ABU DHABI, 23rd November, 2020 (WAM) — His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, met with His Excellency Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB ), today at the Fund’s headquarters in In the presence of His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of the Fund, and a number of officials from both sides.

During the meeting, the two sides discussed the development of bilateral relations and ways to develop them, and considered development and investment opportunities in various important sectors, as well as the opportunity to broaden their future horizons.

On that occasion, His Excellency Mohammed Saif Al Suwaidi said that the Abu Dhabi Fund for Development has close ties with the Asian Infrastructure Investment Bank as the Fund strives to improve joint cooperation with the bank in economic areas that contribute to the achievement of sustainable development support in developing countries.

He commended the bank’s efforts to open its first branch outside of its China headquarters in the United Arab Emirates, noting that the opening of the office supports the unification of joint efforts to achieve the bank’s strategic expansion goals.

كما بحث سعادته سبل تعزيز التعاون بين الصندوق والبنك فيما يتعلق بدعم منصة التمويل العالمية لتسريع الانتقال نحوالطاقة المتجددة (ETAF) والتي يساهم بتمويلها الطرفين، لافتاً إلى أن تمويل مشاريع الطاقة المتجددة يعد من الأولويات والأهداف الاستراتيجية التي يعمل على تحقيقها صندوق أبوظبي للتنمية والبنك الآسيوي للاستثمار في infrastructure.

It is noteworthy that the UAE attended the 7th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in October 2022 in the presence of the governors of 105 member states, as well as the Bank’s strategic partners, where the importance is increasing investments in clean energy projects and pooling international efforts were highlighted. Collective efforts to reduce the impact of climate change.

Dina Omar / Ahmed Al Nuaimi


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