Eurasian Bank President Discusses UAE Dirham Bond

The Eurasian Development Bank aims to expand its presence in the Gulf to enhance and diversify its sources of financing. This includes issuing bonds in UAE dirhams worth over $200 million, with the possibility of issuing sukuk Islamic bonds. The bank also seeks to establish a direct channel with Gulf investors through its Abu Dhabi office, leverage the Chinese bond market, and potentially join Oman, all with the goal of linking Gulf capital to infrastructure, energy, and transportation projects in Central Asia. This is part of a $13.5 billion investment plan through 2031 to achieve further economic diversification and multi-currency financing.

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