The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
The signing ceremony took place on the sidelines of the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain, and was officiated by AIIB President Jin Liqun and Arab Fund Chairman and Director General Bader M. Alsaad.
"Our partnership with the Arab Fund represents a significant milestone in our shared commitment to sustainable development. By combining AIIB's infrastructure expertise with the Arab Fund's deep regional knowledge, we can deliver transformative projects that address the most pressing connectivity and climate challenges," said President Jin in the joint statement.
The MoU establishes a comprehensive framework for collaboration between AIIB and the Arab Fund across sovereign and non-sovereign co-financing, joint project preparation, and strategic priorities including climate resilience, cross-border connectivity, and digital infrastructure, and sustainable urban development.
"This significant partnership with AIIB will enable us to achieve our mission of financing sustainable development across the Arab region, aligning directly with the SDGs. Through this collaboration we will mobilize vital resources and strengthen our support for strategic infra-related initiatives, ultimately contributing to a more prosperous and sustainable future,” added Bader M. Alsaad, Chairman and Director General of the Arab Fund.
This partnership underscores both institutions’ commitment to deepening collaboration with regional development partners and advancing innovative, demand-driven approaches to financing sustainable infrastructure for the future.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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