UAE Minister Joins Important AIIB Meeting in Beijing
Dr. Sultan Ahmed Al Jaber, the UAE’s Minister of Industry and Advanced Technology and the country’s representative at the Asian Infrastructure Investment Bank (AIIB), took part in an important roundtable during the AIIB’s 10th annual meeting in Beijing.
AIIB Conference
The meeting was held from June 24 to 26 with the theme “Connecting for Development, Collaborating for Prosperity.” Leaders from around the world gathered to talk about global economic issues, especially climate change.
They agreed that the world needs more teamwork through stronger partnerships, more affordable financing, and investment in environmentally friendly infrastructure.
Dr. Al Jaber praised AIIB for helping fund major infrastructure projects in its member countries. He said the UAE supports the bank’s goals and shares its vision of working with other countries to grow the economy and solve global challenges.
Dr. Al Jaber also met with the new AIIB president, Zou Jiayi. He promised continued UAE support for the bank’s work and praised its success in improving people’s lives.
Mohamed Saif Al Suwaidi, head of the Abu Dhabi Fund for Development and the UAE’s alternate governor at AIIB, highlighted the strong relationship between the fund and the bank.
AIIB’s Work and Climate Efforts
In the past 10 years, AIIB has approved over $60 billion for 318 projects. In 2024 alone, it approved 51 new projects in 19 countries, worth $8.4 billion.
AIIB is also focusing more on climate action. In 2024, it spent 67% of its $5.6 billion budget on sustainable projects—surpassing its 2025 goal of 50%.
This includes renewable energy projects with more than 21 gigawatts of power, which help reduce about 28 million tons of CO₂ emissions each year.
Published: 30th June 2025
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