The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund for Economic and Social Development have signed a memorandum of understanding to formalize a strategic collaboration aimed at expanding cooperation and accelerating sustainable infrastructure development in regions of shared priority.
The signing ceremony, held on the sidelines of the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain, was attended by senior representatives of both organizations. The agreement was signed by Jin Liqun, President of AIIB, and Bader Alsaad, Chairman and Director General of the Arab Fund.
President Jin remarked, “Our partnership with the Arab Fund marks a major milestone in advancing our shared vision for sustainable development. By combining AIIB’s infrastructure financing expertise with the Arab Fund’s regional knowledge, we will deliver transformative projects that address urgent connectivity and climate challenges. Together, we can mobilize additional resources and drive innovation in infrastructure financing to build a more sustainable future.”
The memorandum sets out a broad framework for cooperation covering sovereign and non-sovereign co-financing, joint project development, and work on strategic priorities such as climate resilience, cross-border connectivity, digital infrastructure, and sustainable urban development.
“This important collaboration with AIIB will strengthen our efforts to finance sustainable development across the Arab region in alignment with the Sustainable Development Goals,” said Bader Alsaad. “Through this partnership, we will leverage essential resources and reinforce support for strategic infrastructure initiatives, ultimately contributing to a more prosperous and sustainable future.”
This agreement highlights both institutions’ commitment to strengthening regional partnerships and promoting innovative, needs-driven approaches to sustainable infrastructure financing.
About AIIB
Founded in 2016, the Asian Infrastructure Investment Bank is a multilateral development bank committed to financing “infrastructure for tomorrow,” with a strong focus on sustainability. The bank has 110 approved members globally, a capital base of USD100 billion, and enjoys AAA ratings from major international credit agencies. AIIB works closely with partners to mobilize capital and invest in infrastructure and productive sectors that drive sustainable economic growth and improve regional connectivity.
About the Arab Fund
Established in 1972 and headquartered in Kuwait, the Arab Fund for Economic and Social Development is a regional financial institution supporting economic and social development across Arab countries. It provides loans, grants, and technical assistance for infrastructure, education, health, water, sanitation, and public service projects that promote sustainable development and regional cooperation.
Source: Press release
