Asian Infrastructure Investment Bank Plans to Open Operational Office in Abu Dhabi
Posted on 07/11/2022
The Asian Infrastructure Investment Bank (AIIB) Board of Directors has approved the establishment of an Interim Operational Hub, the Bank’s first overseas office. Starting with 57 founding members in 2016, AIIB now has a total of 105 members. It has developed a portfolio of 181 projects in 33 member countries with a total amount of US$ 35.7 billion to date.
The preferred location for the Hub will be Abu Dhabi in the United Arab Emirates, pending formal agreement to be finalized during the coming weeks. The UAE has been designated as the preferred location for the Hub because it best fits AIIB’s selection criteria.
