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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Uae participates in the opening of Asian Infrastructure Investment Bank in China

    Lobo
    Lobo
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    Uae participates in the opening of Asian Infrastructure Investment Bank in China Empty Uae participates in the opening of Asian Infrastructure Investment Bank in China

    Post by Lobo Sat 16 Jan 2016, 1:26 pm

    January 16, 2016

    Uae participates in the opening of Asian Infrastructure Investment Bank in China

    Abu Dhabi: The UAE today participated in the opening of the Asian Infrastructure Investment Bank (AIIB) in China, which has been established to provide a new platform for regional and international cooperation and support infrastructure projects in the developing Asian countries.


    Attending the opening ceremony of the AIIB in Beijing, Mohammad Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), said: “The establishment of the Asian Infrastructure Investment Bank marks the start of a new era in international development aid. The bank is aligned with the UAE leadership’s vision to promote international collaboration and ensure the efficient distribution and use of development aid.”

    He added: “Keeping this as our core mandate, the UAE will continue to support AIIB’s efforts to accelerate infrastructure development across Asia, while pursuing efforts to support social and economic development across the developing world.”

    With authorised capital of $100 billion (Dh367.2 billion) and subscribed capital of US$50 billion, Beijing-based AIIB will invest in sectors including energy, transportation, urban construction and logistics as well as education and health care. The total value of the UAE’s contribution to the capital is US$237 million to be paid over five years.

    AIIB will work in conjunction with multilateral development banks including the World Bank and the Asian Development Bank to facilitate infrastructure construction and sustainable development in the Asian region.
    http://gulfnews.com/business/sectors/banking/uae-participates-in-the-opening-of-asian-infrastructure-investment-bank-in-china-1.1654671?

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