The China-backed Asian Infrastructure Investment Bank (AIIB) has set up its first overseas office at the Abu Dhabi Global Market (ADGM).
A first of its kind outside the AIIB headquarters in China, the operational office will serve as a strategic destination in the Middle East and the world. It marks a milestone in the partnership between the UAE and the bank.
“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. This will add momentum to sustainable economic development in developing nations,” said Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development.
Source: zawya.com
