The China-headquartered Asian Infrastructure Investment Bank (AIIB) has opened its first operational overseas office in Abu Dhabi.
The new office is based at the Abu Dhabi Global Market.
Since its establishment in January 2016, AIIB has funded 232 development projects worth over AED 163 billion.
These projects have played a significant role in driving economic and social development, ultimately improving the quality of life.
The bank currently has 106 members worldwide.
"The opening of the Asian Infrastructure Investment Bank’s operational office in Abu Dhabi marks a milestone in the strategic partnership between the UAE and the bank. It also aligns with the bank’s objectives and ambition to extend its operations and development initiatives in the Middle East and North Africa region," said Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD) and the UAE’s Alternate Governor on the Board of Governors of AIIB.
Luky Eko Wuryanto, Vice President and Chief Administration Officer at AIIB cited the UAE’s rapid development and robust international relations as reasons for the bank to opt for Abu Dhabi as its operational base.
"The aim is to bridge the gap between the bank and its partners, and better access global financial centres, which will enable AIIB to sustain its growth trajectory," he said.
Asian Infrastructure Investment Bank has opened its first operational office outside of China at Abu Dhabi Global Market, enhancing ongoing and sustainable economic development in the emirate and fostering bilateral relations between the UAE and China. pic.twitter.com/Nme3NMH1vo— مكتب أبوظبي الإعلامي (@ADMediaOffice) September 20, 2023