The UAE participates in the meeting of the “Asian Investment Investment Council”

The Minister of Industry and Advanced Technology, Governor of the UAE, participated in the Asian Bank for Infrastructure Investment, Dr. Sultan Ahmed Al -Jaber, at the 10th annual meeting of the bank’s governors council hosted by the Chinese capital, Beijing, from 24 to 26 June under the slogan “Construction for Development and cooperation for prosperity”.

During the meeting, the most prominent achievements achieved during the past year were reviewed, future projects and initiatives discussed the importance of coordinating international efforts to meet global economic challenges, especially related to climate change, by expanding the scope of strategic partnerships, mobilizing financial resources to support the vital sectors, and enhancing investment in sustainable infrastructure projects.

Al -Jaber praised, during his participation, the pioneering achievements achieved by the Asian Bank to invest in infrastructure, and the vital role it plays in financing qualitative projects that contribute to developing infrastructure at the level of member states, stressing that the UAE’s support for this strategic partnership comes in implementation of the directives of the rational leadership that puts multilateral cooperation, extends the bridges of cooperation, and achieve economic development goals, within its main priorities.

During his meeting with the new president of the Asian Bank for Infrastructure Investment, Tsu Jia Yi, the UAE’s keenness to support the bank’s efforts to expand its global impact, indicating that since its establishment he succeeded in improving and developing living conditions in many beneficiary countries, by supporting development efforts, and highlighting the importance of the role of multilateral institutions and their efforts in the developmental and financing fields.

For his part, the Director General of the Abu Dhabi Development Fund, Deputy Governor of the Emirates at the Asian Bank for Infrastructure Investment, Mohamed Saif Al -Suwaidi, stressed the importance of the strategic partnership between the Fund and the Bank, which is based on common development goals, which contribute effectively to supporting sustainable economic and social growth in developing countries.

He pointed out that the operating office of the bank in the Abu Dhabi Global Market, formed a successful model in enhancing the bank’s capabilities and expanding its operations, as during its first year he contributed to the alignment of investments with the bank’s priorities and strategies, which strengthened the effectiveness of communication with customers, partners and parties concerned in the region.

It is noteworthy that the UAE joined as a founding member of the Asian Investment Bank in April 2015, and it also hosts the first operating office of the bank outside China.