The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have formalised a strategic partnership aimed at enhancing cooperation and accelerating the development of sustainable infrastructure across shared regions of interest.
A memorandum of understanding (MoU) was signed by AIIB President Jin Liqun and Arab Fund Chairman and Director General Bader M. Alsaad during the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain. The agreement sets out a collaborative framework to support both sovereign and non-sovereign infrastructure projects, with a focus on climate resilience, cross-border connectivity, digital infrastructure, and sustainable urban development.
“This partnership marks a significant milestone in our shared commitment to sustainable development,” said President Jin. “By combining AIIB’s infrastructure expertise with the Arab Fund’s regional insight, we can deliver transformative projects that address urgent connectivity and climate challenges.”
Bader M. Alsaad echoed the sentiment, stating: “This partnership will enable us to mobilise crucial resources to support strategic infrastructure initiatives aligned with the Sustainable Development Goals (SDGs), contributing to a more prosperous and sustainable Arab region.”
The agreement reflects both institutions’ broader efforts to foster regional collaboration and adopt innovative, demand-led approaches to infrastructure financing in support of long-term development goals.
