The United Arab Emirates (UAE) will host the Sixth Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) with the theme “Investing Today, Transforming Tomorrow” virtually on Oct. 26-28, 2021.
A Memorandum of Understanding (MOU) confirming that the UAE will host and chair the Annual Meeting virtually was signed on July 13, 2021 by AIIB President and Chair of the Board of Directors Jin Liqun and His Excellency Dr. Sultan Al Jaber, the UAE’s Minister of Industry and Advanced Technology and Chair of the AIIB Board of Governors.
The virtual MOU signing was witnessed by H.E. Dr. Ali Obaid Al Dhaheri, Ambassador of the UAE to the People’s Republic of China, at the AIIB headquarters in Beijing.
“As one of the founding Members of AIIB, the UAE has provided staunch support for the Bank since its foundation and played a crucial role in shaping AIIB as it has grown and developed,” said President Jin. “We are committed to continuous collaboration with the Government of the UAE to deliver a highly productive and effective Annual Meeting in a virtual format.”
H.E. Dr. Sultan Al Jaber said, “The Annual Meeting of AIIB’s Board of Governors provides a great opportunity to foster collaboration, forge new partnerships among the international development community and affect positive change. Overcoming our global social and economic development challenges requires a cohesive community of like-minded thinkers and doers acting in the best interests of all. As the host of this year’s meeting, the UAE is committed to chairing a highly engaging and inclusive Sixth Annual Meeting to enable all participants to realize the best possible outcomes.”
To foster wider engagement with the Middle East, a series of virtual lead-up events targeting specific Members’ business communities will be organized in the months preceding the Annual Meeting. The first lead-up event will take place on July 28, 2021. The event will introduce the AIIB Corporate Strategy to audiences in the UAE and identify potential areas for collaboration.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 103 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.