The UAE will chair the three day meeting of the 6th Annual Asian Infrastructure Investment Bank (AIIB) Board of Governors from October 26-28, the first time the meeting is being held in the Middle East.
The meeting will be held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
It will be attended by 103 members as well as strategic partners from around the world will be held virtually under the theme “Investing Today. Transforming Tomorrow.”
The UAE is one of the founding members of the AIIB, and the 2021 Annual Meeting will be chaired by Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and the UAE’s Governor on the AIIB Board of Governors.
The Meeting will focus on a number of key themes, including investing in the infrastructure for tomorrow such as cross-border connectivity, green financing, resilient healthcare infrastructure and the role of global multilateral institutions in contributing to supporting projects based on ESG principles.
“In chairing the 2021 AIIB Meeting, the UAE is reinforcing its commitment to promoting global initiatives that accelerate the development of a sustainable economy and drive a green infrastructure agenda,” Dr. Sultan Al Jaber said. “There is clear alignment between the AIIB’s mandate and the UAE’s strategic plans, including the ‘Principles of the 50’ and the UAE Net Zero by 2050 strategic initiative”.
In 2020, the Asian Infrastructure Investment Bank announced its strategic ambition to allocate 50% of its total funding until 2025 to climate-friendly projects.