Khaleej Times, Mon, Apr 08, 2024 | Ramadan 29, 1445
ADFD's combined investments top Dh216 billion
Emirates:
The Abu Dhabi Fund for Development’s (ADFD) combined sum of development
financing and diverse investments has surpassed Dh216 billion, benefiting 106
countries across continents. Such contributions have been instrumental in
upholding the UAE’s status as the foremost contributor to global development
assistance.
This was disclosed at the first meeting this year of the Executive Committee of
ADFD, which was chaired by Sheikh Abdullah bin Zayed Al Nahyan, Minister of
Foreign Affairs, Vice Chairman of the ADFD’s Board of Directors, and Chairman of
the Executive Committee.
The virtual meeting was attended by Sheikh Shakhboot bin Nahyan Al Nahyan,
Minister of State; Ahmed Ali Al Sayegh, Minister of State; Fares Mohammed Al
Mazrouei, Advisor to the Presidential Court, the Executive Committee members and
Mohamed Saif Al Suwaidi, director-general of Abu Dhabi Fund for Development.
Several topics were discussed during the meeting, including project funding
requests in developing countries, and major decisions were taken.
Sheikh Abdullah bin Zayed emphasised the role undertaken by the Fund to
strengthen the national economy through the enhancement of UAE exports’
competitiveness in global markets. Additionally, ADFD has been instrumental in
supporting the national private sector to attain its strategic objectives and
providing it with promising opportunities for local and global expansion. These
efforts have significantly contributed to the growth of foreign trade and the
advancement of companies’ businesses in the UAE, driving the development of a
diversified and sustainable economy.
Al Suwaidi highlighted that ADFD had significantly accelerated its development
and investment activities in recent years.