The Asian Infrastructure Investment Bank (AIIB) and the United Arab Emirates (UAE) have signed an agreement to open the bank's first overseas office, an interim operational hub, in Abu Dhabi.
AIIB said its rapid growth is the reason for opening an office that helps bring the bank closer to clients and to the frontline of its business. The hub provides proximity to global financial centers and connectivity with the international infrastructure ecosystem, which is important in maintaining AIIB's growth momentum.
“The establishment of the Hub in the UAE gives the bank a robust platform to manage our growing investment portfolio,” said Jin Liqun, president and chair of the board of directors at AIIB. “It also enhances client and member engagement, project monitoring and implementation services across the globe."
Sultan Al Jaber, minister of industry and advanced technology and UAE governor of AIIB added: “The agreement to host AIIB's operational office refle