{"id":89287,"date":"2025-02-21T00:00:00","date_gmt":"2025-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/aiib-partners-with-ksa-turkey-to-drive-sustainable-infrastructure\/"},"modified":"2025-02-21T00:00:00","modified_gmt":"2025-02-21T00:00:00","slug":"aiib-partners-with-ksa-turkey-to-drive-sustainable-infrastructure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/aiib-partners-with-ksa-turkey-to-drive-sustainable-infrastructure\/","title":{"rendered":"AIIB partners with KSA & Turkey to drive sustainable infrastructure"},"content":{"rendered":"

<\/strong>AIIB <\/strong>to commit USD 5 bn financing for Turkey\u2019s public projects: <\/strong>The Asian Infrastructure Investment Bank (AIIB) and Turkey have inked an MoU for USD 5 bn in financing for green and climate-resiliency public sector projects from 2025 to 2027, according to a statement<\/a> issued on Monday. The financing will support projects in the energy, healthcare, water management, and transport sectors. The lender may also allocate USD 5 bn for private sector projects later, Reuters<\/a> reported on Monday.<\/p>\n

Saudi gets something too: <\/strong>AIIB and Saudi Arabia also inked a joint declaration of intent to launch a sustainable investment program, according to a press release<\/a> issued Monday. The proposed program will aim to mobilize financing for power generation and transmission, sustainable transport, renewable energy and battery storage, as well as eqarthquake preparedness. The framework also aims to expand AIIB\u2019s nonsovereign-backed through public-private partnerships. <\/p>\n

\n

IN OTHER GREEN FINANCE UPDATES-<\/p>\n

Morocco\u2019s <\/strong>gree<\/strong>n <\/strong>hydrogen ambitions got a boost: <\/strong>HydroJeel has secured a EUR 30 mn grant from the Power-to-X Development Fund to support the Moroccan state-owned fertilizers\u2019 giant OCP\u2019s Jorf Hydrogen Project (JH2P), according to a press release<\/a> issued last week. The PtX Development Fund<\/a> \u2014 an initiative backed by the German federal government and managed by KGAL Investment Management \u2014 awarded the grant following a competitive process that evaluated 98 proposals from seven countries.<\/p>\n

The project\u2019s details: <\/strong>JH2P aims to produce 100k tons of green ammonia annually by the end of 2026, cutting around 300k tonnes of CO2 emissions, according to the press release. The project is expected to scale production to 1 mn tons by 2027 and 3 mn tons by 2032. The Front-End Engineering Design phase for the project was set to kick off<\/a> in November 2024.<\/p>\n

About the company: <\/strong>HydroJeel is a subsidiary of Innovx<\/a>, a company backed by Mohammed VI Polytechnic University. Innovx presents itself as a venture capital and business development company focused on sustainability and tech. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Morocco\u2019s green hydrogen ambitions got a EUR 30 mn boost<\/p>\n","protected":false},"author":1,"featured_media":89288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[243],"tags":[11,164,39,45,159,191],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-finance","tag-enterpriseclimate","tag-green-finance","tag-green-hydrogen","tag-morocco","tag-saudi-arabia","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"24538b76-294b-4e84-b4c1-6de91b3a9133","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2041.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AIIB partners with KSA & Turkey to drive sustainable infrastructure","related_issue":[89276],"teaser":"PLUS: Morocco\u2019s green hydrogen ambitions got a EUR 30 mn boost","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.3f3cfdea-a933-432c-acf6-d3a1ef3d6796.mp3"},"yoast_head":"\nAIIB partners with KSA & Turkey to drive sustainable infrastructure - 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