UAE Ministry of Finance and EDB Discuss Strategic Cooperation and Investment Opportunities

UAE, 18 December, 2024 : The UAE Ministry of Finance (MoF) hosted a delegation from the Eurasian Development Bank (EDB) in Abu Dhabi to discuss strengthening financial cooperation and exploring joint investment opportunities.

Key attendees included Younis Haji AlKhoori, Undersecretary of the MoF, and Nikolay Podguzov, Chairman of the EDB. Discussions focused on infrastructure, clean energy, and food and water security projects, alongside strategies for regional integration and joint financing of development initiatives.

AlKhoori reaffirmed the UAE's commitment to fostering global partnerships for sustainable development, leveraging its expertise in economic development and clean energy to enhance collaboration with the EDB. He emphasized the importance of creating opportunities that deliver positive economic and social impacts.

The EDB, comprising six member states—Armenia, Kazakhstan, Russia, Kyrgyzstan, Belarus, and Tajikistan—manages an investment portfolio of $15.3 billion and focuses on sustainable development projects, particularly in infrastructure and alternative energy. The Bank's strong global credit ratings underline its role in advancing regional integration and economic growth.