ALULA, Saudi Arabia, Feb. 18, 2025 /PRNewswire/ -- Asian Infrastructure Investment Bank (AIIB) President Jin Liqun met with Türkiye Minister of Treasury and Finance H.E. Mehmet Simsek at the Conference for Emerging Market Economies in Al-Ula to discuss how to further strengthen the strategic partnership between the Bank and the Republic of Türkiye.

They signed a memorandum of understanding that outlines an investment program guiding AIIB's sovereign-backed financing in Türkiye from 2025 to 2027, with an expected total of around USD5 billion.

The signing marks a milestone in AIIB-Türkiye relations, formalizing a framework for collaboration that aligns with Türkiye's 12^th Development Plan (2024-2028) and AIIB's commitment to green and resilient infrastructure.

"As a founding member, Türkiye has been a key partner of AIIB since the Bank's inception, with USD5.5 billion in approved financing for critical projects across energy, transport, urban resilience, and disaster response," President Jin said. "Our investments in 2025-2027 will focus strategically on climate resilience, water management, sustainable transport, earthquake preparedness and other productive sectors, such as healthcare, and will support Türkiye's long-term climate strategy."

"AIIB has been a trusted partner in Türkiye's development, supporting our efforts to build resilient infrastructure and strengthen economic sustainability," H.E. Minister Şimşek said. "This agreement reflects our shared vision for mobilizing investments that enhance climate resilience, improve disaster preparedness and achieve green and digital transition."

The three-year program will be reviewed semi-annually to ensure alignment with Türkiye's evolving infrastructure needs and AIIB's operational priorities. The partnership underscores AIIB's commitment to supporting Türkiye's long-term growth through investments that foster sustainable economic growth and climate adaptation.