Al Ula, February 17, 2025

AIIB and Saudi Arabia Forge Strategic Partnership with New Sustainable Investment Program

The Asian Infrastructure Investment Bank (AIIB) and the Kingdom of Saudi Arabia (KSA) have signed a joint declaration of intent at the Conference for Emerging Market Economies in Al-Ula, Saudi Arabia. The declaration outlines a collaborative framework to develop an investment program. It underscores the parties’ shared commitment to deepening cooperation, facilitating investment flows and advancing sustainable development across the region. It also marks the beginning of a long-term collaboration between AIIB and Saudi Arabia, reinforcing AIIB’s growing engagement in the Middle East and North Africa (MENA).

Konstantin Limitovskiy, AIIB Chief Investment Officer, Public Sector (Region 2) & Global Project and Corporate Finance Clients, and H.E. Abdulmuhsen Alkhalaf, the Saudi Vice Minister of Finance and AIIB Board Director, signed the agreement.

The framework is designed to mobilize financing for strategic projects including power generation and transmission, sustainable transport, water supply, sanitation, urban development, and renewable energy with storage. It also establishes a pathway for expanding AIIB’s nonsovereign-backed operations through public-private partnership and is a key step toward developing a multi-year rolling program.

“Today’s declaration marks a pivotal step in strengthening AIIB’s partnership with Saudi Arabia and the wider region,” Limitovskiy said. “This investment pipeline will channel long-term financing into sustainable infrastructure, enhancing connectivity, resilience and economic growth across the region.”

“Our collaboration with AIIB reflects Saudi Arabia’s commitment to shaping a sustainable and interconnected regional economy,” Vice Minister Alkhalaf said. “By aligning strategic investments with our long-term development vision, this initiative will drive national progress and also support economic integration and shared prosperity across the region.”

Each party will designate a focal point to coordinate engagement with key stakeholders, ensuring the investment pipeline remains aligned with evolving infrastructure priorities through regular semi-annual reviews.

 

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank dedicated to Financing Infrastructure for Tomorrow, with sustainability as its core. Established in 2016, AIIB now has 110 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit agencies. AIIB partners with its members to unlock new capital and invest in green, technology-enabled infrastructure that enhances regional connectivity.

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

Beijing, July 04, 2025

AIIB Partners with Brazil’s First Co-operative Bank to Boost Renewable Energy Financing

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD100 million loan to Banco Cooperativo Sicredi S.A. (Banco Sicredi), Brazil’s first cooperative bank, to support the expansion of small-scale solar energy solutions for households and small and medium-sized enterprises (SMEs) across the country.

READ MORE

Beijing, July 04, 2025

Annual Meeting Opening Remarks by AIIB President

Your Excellency Li Qiang, Premier of the People’s Republic of China, Distinguished Governors, Honored Guests, Ladies and Gentlemen, Friends

READ MORE

Beijing, July 04, 2025

AIIB Subscribes to USD150 Million in Aditya Birla Capital to Advance Sustainable Infrastructure Financing in India

The Asian Infrastructure Investment Bank (AIIB) has subscribed to INR13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited, one of India’s leading diversified financial services companies. The three-year, privately placed investment aims to accelerate financing for India’s renewable energy and e-mobility sectors, supporting the country’s transition toward a sustainable infrastructure ecosystem.

READ MORE

Seville, July 02, 2025

AIIB, EBRD renew agreement strengthening collaboration on sustainable infrastructure development

AIIB President Jin Liqun and EBRD President Odile Renaud-Basso signed a memorandum of understanding on the sidelines of the Fourth International Conference on Financing for Development (FFD4) in Seville to strengthen their collaboration on sustainable infrastructure development.

READ MORE