Asian Infrastructure Investment Bank (AIIB) to open first overseas office in Abu Dhabi

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TheAsian Investment Bank (AIIB)has recently signed an agreement to create its first Interim Operational Hub inAbu Dhabi Global Market, marking its initial foray into establishing an overseas office. AIIB is a multilateral Development Bank that focuses on financing infrastructure projects that prioritize sustainability. As the host country for COP28 later this year, theUAEhas emphasized the importance of Climate finance, a key concern for nations as they strive to increase their efforts and commitments towards climate action.

The AIIB has established its

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first Interim Operational Hub in Abu Dhabi Global Market, which will serve as its initial overseas office.

The office will have a strategic location in theMiddle East and the world, and will support the Banks development agenda by financing infrastructure projects that prioritize sustainable economic Growth, particularly in areas where it is most needed.