AIIB and Saudi Arabia Forge Strategic Partnership with New Sustainable Investment Program

The framework is designed to mobilize financing for strategic projects including power generation and transmission, sustainable transport, water supply, sanitation, urban development, and renewable energy with storage. It also establishes a pathway for expanding AIIB's nonsovereign-backed operations through public-private partnership and is a key step toward developing a multi-year rolling program. The framework is designed to mobilize financing for strategic projects including power generation...

The framework is designed to mobilize financing for strategic projects including power generation and transmission, sustainable transport, water supply, sanitation, urban development, and renewable energy with storage. It also establishes a pathway for expanding AIIB's nonsovereign-backed operations through public-private partnership and is a key step toward developing a multi-year rolling program.

"Today's declaration marks a pivotal step in strengthening AIIB's partnership with Saudi Arabia and the wider region," Limitovskiy said. "This investment pipeline will channel long-term financing into sustainable infrastructure, enhancing connectivity, resilience and economic growth across the region."

"Our collaboration with AIIB reflects Saudi Arabia's commitment to shaping a sustainable and interconnected regional economy," Vice Minister Alkhalaf said. "By aligning strategic investments with our long-term development vision, this initiative will drive national progress and also support economic integration and shared prosperity across the region."

Each party will designate a focal point to coordinate engagement with key stakeholders, ensuring the investment pipeline remains aligned with evolving infrastructure priorities through regular semi-annual reviews.

View original content:https://www.prnewswire.co.uk/news-releases/aiib-and-saudi-arabia-forge-strategic-partnership-with-new-sustainable-investment-program-302377957.html