The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund are working together to encourage sustainable infrastructure in the regions where they both operate. The two banks just signed an agreement at a big finance conference in Seville, Spain, confirming plans to join forces on projects that matter most to their regions, according to a press release. The plan is simple: we all work together to deliver more climate-friendly, modern infrastructure, faster.
Jin Liqun, the big boss of the AIIB, says this deal is a massive step forward. By sharing AIIB’s know-how in infrastructure and the Arab Fund’s deep roots in their region, both sides hope to get more projects off the ground and bring new ideas to the table. The idea is to get more investment and tackle big challenges like climate risks and better regional connectivity.
The agreement says that the banks will work together to prepare and finance projects, with both governments and private investors. When it comes to our priorities, we’re all about climate resilience, digital networks and sustainable cities. We really value everyone’s input from the planning stages to the delivery of each project.
Bader M. Alsaad, who heads up the Arab Fund, says this partnership will help the region reach its sustainable development goals and make sure important projects get the money and support they need. “By working together, we’ll get important resources moving and make our support for infrastructure-related projects stronger,” he said.
This move sends a clear message: Both banks are really into finding practical, creative ways to fund better infrastructure. For investors and developers, it means more chances to get involved in projects that really make a difference.
