The $15 billion special loan for infrastructure and manufacturing was announced in January 2016 during a visit by President Xi at the Arab League.[2] The loan program in 2016 was announced as part of a larger financial package that had a heavy emphasis on business and investment. In addition to the $15 billion special credit line, US$10 billion of commercial loans and US$10 billion of concessional loans (foreign aid loans) were announced. The launch in December 2015 of the $10 billion UAE-China Joint Investment Fund was also noted.[2]