His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Fund for Development (ADFD), chaired today the Board of Directors meeting of the Fund, which was held in the presence of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation Management, and the Director General of the Fund.
The Board reviewed the topics on the agenda and discussed the Fund's development activities, the stages of implementing the projects financed by the Fund in a number of beneficiary countries, and future plans. The Board also approved the financing of five projects in five different countries, with a total value of US $ 196 million (AED 719 million), after meeting the required funding criteria and criteria.
His Highness Sheikh Mansour bin Zayed Al Nahyan said, “Abu Dhabi Fund for Development (ADFD) has continued to exert more efforts to maintain the UAE's leading position in the global development work. People in developing countries to achieve sustainable economic development. "
His Highness added that “the success of the Fund in its global development work came thanks to the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and the support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, which enabled us to expand the geographical scope of activity. Development Fund and help developing countries achieve their sustainable development goals. "
His Highness pointed out the positive role played by the Fund in supporting the national economy and supporting national companies to stimulate their activities and increase the volume of their business outside the UAE, pointing out also the important role played by the Abu Dhabi Export Bureau in supporting the national economy and enhancing its competitiveness through the growth of export prospects. National non-oil.
For his part, Mohammed Saif Al Suwaidi, Director General of the Fund, thanked His Highness the Chairman of the Board of Directors, His Highness the Vice President and members of the Board, for their interest and efforts to support the progress of the Fund's work, and follow up its programs, plans and future goals, pointing out that this support stems from the keenness of our wise leadership Continuity of development work which has had the best effect in the expansion of the Fund's activity, to achieve its development goals within the UAE and in developing countries.
He added that the Fund is working to implement the directives of His Highness the Chairman of the Board of Directors and contribute effectively in supporting the national economy, to achieve the policy of economic diversification in line with the UAE Vision 2021 and the Economic Vision of Abu Dhabi 2030.
Since its inception, ADFD has a total financing of 98 billion dirhams, which has benefited about 95 countries in various continents of the world.