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.
A moderately high earthquake at 5.8 magnitude has hit north-eastern Algeria on Sunday according to the Center for Research in Astronomy, Astrophysics ...
A light plane was forced to make an emergency crash landing on a golf course in Sydney on Sunday (17 August) after the aircraft lost power....
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 18th of August, covering the latest developments you need to k...
A Russian air attack overnight on a residential area in Kharkiv has killed three people, including a toddler, and injured 17 others, Ukrainian authori...
Terence Stamp, who made his name as an actor in 1960s London and went on to play the arch-villain General Zod in the Hollywood hits 'Superman' and 'Su...
Julie Stufft, U.S. President Donald Trump’s nominee for Ambassador to Kazakhstan, outlined her priorities during a Senate Foreign Relations Committee confirmation hearing, pledging to support 'America's growing strategic partnership with Kazakhstan.
A two-day official visit by Kazakh President Kassym-Jomart Tokayev to Türkiye concluded with the signing of 20 agreements aimed at expanding the strategic partnership between the two countries in key areas, including mining and rare earth minerals, space and technology, energy, and logistics.
The 5th meeting of the Kazakhstan–Türkiye High-Level Strategic Cooperation Council, chaired by the two countries’ leaders was held on Tuesday in Ankara. The meeting was focused on strengthening cooperation in the areas of economy, transport, and investment.
President of Kazakhstan Kassym-Jomart Tokayev arrived in Türkiye on Tuesday for an official visit at the invitation of Turkish President Recep Tayyip Erdoğan.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Media accreditation is now open for COP30, the United Nations Climate Change Conference, set to take place in Belém, Brazil in 2025.
The Trump administration is expected to shed roughly 300,000 federal workers in 2025, Office of Personnel Management (OPM) Director Scott Kupor said Thursday.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases for Ukraine.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment