Abu Dhabi: The Abu Dhabi Fund for Development (ADFD) recently organised a UAE-wide tour for a visiting Asian Infrastructure Investment Bank (AIIB) delegation.
Led by Dr D.J. Pandian, Vice-President and Chief Investment Officer of AIIB, the delegation’s UAE visit highlighted the bank’s crucial role in financing development projects in Asian countries and included meetings with leading UAE government entities.
The delegation met with representatives from the Ajman Chamber of Commerce and Industry, the Fujairah Chamber of Commerce and Industry, the Dubai Department of Economic Development, Roads and Transport Authority, Dubai Electricity and Water Authority, as well as Mubadala Investment Company, Abu Dhabi National Oil Company, and Masdar.
During the meetings, the AIIB delegation presented opportunities for cooperation with the UAE public sector entities, especially in financing infrastructure projects in the energy, transportation, and water sectors.
With an approved capital of $100 billion, AIIB, a multilateral financing institution, aims to provide necessary financial resources underpinning infrastructure projects in Asia. Dr Pandian discussed the growing development opportunities in Asia today and offered the UAE-based government institutions a detailed presentation on the bank’s objectives and capabilities in financing such projects.
