Abdullah bin Zayed stresses the importance of continuing the development process and supporting the international community to achieve its goals

The Abu Dhabi Development Fund increased to 180 billion dirhams

Abdullah bin Zayed chaired the meeting of the Executive Committee of the Fund.

From the source

The Abu Dhabi Fund for Development revealed that the value of the fund’s financing has increased to 180 billion dirhams, from its inception until November 2022, indicating that 103 countries have benefited from these funds.

This came during a meeting of the Executive Committee of the Fund, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Vice Chairman of the Board of Directors of the Fund and Chairman of the Executive Committee, who stressed the importance of continuing the development process and supporting the international community to achieve its development goals and programmes.

In detail, the Executive Committee of the Abu Dhabi Fund for Development held its first meeting for the year 2022, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Vice Chairman of the Board of Directors of the Fund and Chairman of the Executive Committee, through visual communication technology.

The fund stated in a statement yesterday that during the meeting, the topics on the agenda were discussed, funding requests for development projects in developing countries were reviewed and appropriate decisions were taken in this regard.

During the meeting, His Highness Sheikh Abdullah bin Zayed Al Nahyan praised the achievements of the Abu Dhabi Fund for Development and its pioneering role in developing the economies of developing countries and stimulating their various productive sectors, which contributed to the renaissance of the societies of the beneficiary countries, in addition to its effective activity in supporting the national economy of the UAE.

His Highness stressed the importance of continuing the development process and supporting the international community to achieve its development goals and programs in accordance with the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, to maintain the prominent position that the UAE has achieved and made it among the developed countries in the field of development work at the regional and international levels.

For his part, the Director General of the Abu Dhabi Fund for Development, Mohammed Saif Al Suwaidi, confirmed that the achievements of the Fund during its career were thanks to the wise directives of the wise leadership.

He said, "The development and investment fund's activity witnessed remarkable growth during the last period. The numbers and results achieved since the fund's establishment until November 2022 indicated that the value of financing had increased to 180 billion dirhams, benefiting 103 countries in various continents of the world."

He added that the value of the fund's investments amounted to 12 billion dirhams, distributed over 23 countries, in addition to the substantial results achieved by the Abu Dhabi Export Office in supporting and diversifying the national economy, as it provided financing worth 631 million dirhams that contributed to supporting Emirati companies and developing national exports in global markets.

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