Washington, D.C., October 28, 2024

AIIB and SFD Forge Strategic Partnership to Tackle Global Development Challenges

The Asian Infrastructure Investment Bank (AIIB) and the Saudi Fund for Development (SFD) signed a Memorandum of Understanding (MOU) to enhance cooperation to foster sustainable, resilient, and inclusive development in AIIB members in Asia and beyond.

This partnership rooted in a shared commitment to addressing global development challenges aims to mobilize resources through joint project initiatives, knowledge sharing, capacity-building programs, and coordinated communication efforts.

AIIB President Jin Liqun and SFD Chief Executive Officer Sultan Abdulrahman Al-Marshad signed the agreement in Washington D.C., on the sidelines of the 2024 Annual Meetings of the International Monetary Fund and the World Bank Group. The signing was witnessed by the Saudi Vice Minister of Finance and AIIB Board Director Abdulmuhsen S. Alkhalaf.

Following the Kingdom of Saudi Arabia’s recent contribution to AIIB’s Special Fund Window for Less Developed Members, this agreement represents a significant step forward in the commitment of both organizations to foster greater development impact in underdeveloped regions.

“Partnerships lie at the heart of AIIB’s operations. The signing of this MOU marks a vital step forward in the continued engagement between AIIB and Saudi Arabia, reaffirming our mutual dedication to fostering sustainable development in our members,” said President Jin. “Building on SFD’s support to our Special Funds Window, and our joint effort to explore co-financing project opportunities, the collaboration with SFD will unlock new synergies and bolster our institutional capabilities, driving resilient and inclusive growth where it is most critically needed.”

Sultan Abdulrahman Al-Marshad, CEO of SFD, stated, “As a key player in global development, SFD is dedicated to supporting least developed countries and advancing sustainable growth. We strongly believe that partnerships are essential for fostering long-term, impactful development. Working closely with AIIB is a natural fit, given our aligned mission of promoting sustainability and resilience. With the Kingdom of Saudi Arabia’s recent contributions to AIIB’s Special Fund Window, this MOU marks an important milestone in our joint efforts to expand collaboration and drive meaningful change in developing countries.”

Through this new partnership, both AIIB and SFD aim to scale their efforts to provide long-term economic benefits to countries in Asia and beyond.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

About SFD

In 2024 The SFD celebrated 50 years of global development impact, touching hundreds of millions of lives across 100 countries in Africa, Asia and the Pacific, Latin America and the Caribbean and Eastern Europe. As the official international development arm of the Kingdom of Saudi Arabia, the SFD has financed and supported more than 800 projects with a total funding of $20 billion. Since 2023, the SFD has extended development loans to 11 new countries, all of which are Small Island Developing States (SIDS).  

 

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Seville, July 01, 2025

Sevilla Platform of Action Launched to Scale Country-Led Financing Approaches for Sustainable Development and Climate

Amid rising debt stress, limited fiscal space and escalating climate threats, country ownership of the development process is more important than ever. At the Fourth International Conference on Financing for Development (FFD4), two initiatives were launched under the Sevilla Platform of Action (SPA) to scale country-driven approaches to financing sustainable development and climate action and coordinate international support through the Global Financing Playbook.

READ MORE

Seville, June 30, 2025

AIIB and Arab Fund Forge Strategic Partnership to Advance Sustainable Infrastructure Development

The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have formalized a strategic partnership through the signing of a memorandum of understanding aimed at deepening cooperation and accelerating the delivery of sustainable infrastructure across shared priority regions.

READ MORE

Paris, June 30, 2025

African Development Bank, AIIB sign MOU renewing their collaboration on sustainable economic development for Africa

The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) on Saturday signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.

READ MORE

Paris, June 30, 2025

Heads of Multilateral Development Banks Commit to Strong Joint Action on Development Priorities

Heads of MDBs convene in Paris to reaffirm joint action on global development priorities and commit to reforms, enhanced coordination, and initiatives in energy, education, and water security.

READ MORE