The Asian Infrastructure Investment Bank (AIIB) has opened an operational office at the Abu Dhabi Global Market, marking its first office outside of China. It was inaugurated by Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD) and the UAE’s Alternate Governor on the Board of Governors of AIIB, alongside Luky Eko Wuryanto, Vice President and Chief Administration Officer of AIIB. “The opening of the Asian Infrastructure Investment Bank’s operational office in Abu Dhabi marks a milestone in the strategic partnership between the UAE and the bank, said Al Suwaidi. “It also aligns with the bank’s objectives and ambition to extend its operations and development initiatives in the Middle East and North Africa region. The move to open a branch in Abu Dhabi comes as four of the proposed new BRICS members are based in the MENA region.

Source: The North Africa Journal September 20, 2023 14:20 UTC