Abu Dhabi Fund for Development (ADFD) has injected over AED 84 billion since its establishment to finance around 550 projects in 88 countries.
The fund disbursed AED 37 billion in concessionary loans, AED 44 billion in UAE government grants, and AED 3 billion in investments, Emirates News Agency (WAM) revealed, citing an official report.
The Abu Dhabi’s state-run fund has been focusing on key sectors including health, education, housing, water, irrigation, agriculture, and renewable energy.
“The outstanding results over the past 47 years reflect ADFD’s strategic approach to implementing the UAE’s foreign development goals and assisting developing countries in addressing their socio-economic challenges,” director-general of ADFD Mohammed Saif Al Suwaidi commented.
ADFD pumped AED2.5 billion to support healthcare projects across the developing world to enhance the medical services presented to the people of the beneficiary countries.
“ADFD’s efforts in the transport sector have helped drive sustainable development. In this context, the Fund financed 94 projects with a total value of about AED14 billion in countries across the globe, including Morocco, Jordan, Egypt, Tajikistan and Senegal.”