Saturday , January 16 2021

Al Ittihad – World Bank – announces – takes – Abu Dhabi – World – headquarters – for its office – in the UAE


Economic development

Abu Dhabi International Market Headquarters

Abu Dhabi International Market Headquarters

The Abu Dhabi International Financial Center (ADIB), the international financial center in Abu Dhabi, has announced the launch of the World Bank at its office in the United Arab Emirates at the headquarters of the Abu Dhabi Global Market on Al-Mariya Island.

The announcement was made by HE Obaid Bin Humaid Al Tayer, Prime Minister of the Treasury, Ahmad Bin Ali Al Sayegh, Prime Minister and President of Abu Dhabi Global Market, Mirza Hassan, Director and Executive Vice President of the World Bank and Farid Belhadj, World Bank Group for the Middle East and North Africa on the sidelines of the 2019 Government Summit.

The agreement was signed by Issam Abu Sulaiman, Regional Director of the World Bank for GCC and Khalid Al Suwaidi, CEO of Abu Dhabi Global Market.

The new office is a platform for the World Bank in the UAE and will carry out all its mandate tasks, including research on related issues, technical assistance to local authorities on sustainable development programs, and support for sustained efforts and initiatives to support comprehensive economic development plans.

HE Obaid Humaid Al Tayer said: "We are delighted to have the World Bank Group in the UAE and welcome their decision to choose Abu Dhabi and the Abu Dhabi World Market. In all developing countries, we are confident that we will continue to work with relevant institutions and institutions to share knowledge and promote innovative solutions to meet the needs of the country and region. "

"The UAE has always been a strategic partner for the World Bank Group at all levels," said Farid Belhadj, Vice-President of the World Bank Group for the Middle East and North Africa. "We are grateful to the Government of the UAE and Abu Dhabi International Market for their support for the creation of the World Bank's office." He said.

"The creation of the World Bank's office at the Abu Dhabi Global Market is in line with our commitment to supporting capital formation, encouraging sustainable financing and investment to serve the long-term development of society, and we look forward to working with the World Bank to support international initiatives, "said Ahmed Ali Al Sayegh. Creating jobs, facilitating access to healthcare services and increasing funding for development initiatives.

Source: WAM

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