HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and President of the Islamic Republic of Mauritania, President Mohamed Ould Abdel Aziz, today witnessed the signing of an agreement between the Khalifa Fund for Enterprise Development and the Mauritanian Development and Development Fund And the development of small, medium and small enterprises in Mauritania worth US $ 25 million.
The signing ceremony was attended by HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra, Deputy Secretary General of the Supreme National Security Council Ali bin Hammad Al Shamsi, Undersecretary of the Diwan of Abu Dhabi Crown Prince Mohammed Mubarak Al Mazrouei and State Ambassador to the Islamic Republic of Mauritania Issa Abdullah Masoud Al Kalbani.
The agreement was signed by the Chairman of the Khalifa Fund for Enterprise Development Hussein Jassim Al Nuwais and the Director General of the Mauritanian Deposit and Development Fund Mohammadou Yousuf Jagana.
Under the agreement, the Abu Dhabi Fund will provide $ 25 million in funding, "equivalent to 92 million dirhams", to be spent over five years to support economic projects in Mauritania.
Al-Nowais said that the agreement with the Mauritanian Development and Development Fund reflects the deep brotherly relations between the UAE and the Islamic Republic of Mauritania, stressing that the funding aims to support the efforts of the Mauritanian government in economic development.
Al-Nowais predicted that the financing process, which will be based on technical principles and criteria, will contribute to the creation of permanent employment opportunities for Mauritanian youth. "We want to provide the opportunity for those who have the skills and creative potential to realize their ambitions and establish their own projects that will contribute to strengthening the national economy."
He added that the financing agreement stressed the importance of empowering women and increasing their contribution to the process of sustainable economic development. She also stressed the need to support creativity, innovation and investment in young people in order to increase their contribution to the national economy. He stressed that the Khalifa Fund will provide the necessary technical support in the implementation of plans and strategies that serve Objectives and meet aspirations to contribute to development.
Al-Nowais said that the Khalifa Fund for Enterprise Development has become one of the leading institutions in the field of supporting and promoting the culture of entrepreneurship and the development of the small and medium enterprises sector in the region. He pointed out that the Fund has transferred its successful experience to many sisterly and friendly countries in recent years, To provide various forms of support to sisterly and friendly countries under the wise leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and the follow-up and support of His Highness Sheikh Mohammed bin Zayed Al Nahyan.
For his part, Director General of the Depositary and Development Fund of the Islamic Republic of Mauritania, Mohammadou Yousuf Jagana, thanked the UAE for this great support to enable the segments of society especially women and youth to promote their country's economic future, praising the brotherly and deep ties between the two brotherly countries.
He explained that this agreement will have a positive impact and will help to accelerate development and development in rural areas and supports the establishment of projects and the creation of jobs in the future and achieve comprehensive growth to reduce poverty.
The Khalifa Fund for Enterprise Development, which was established in 2007 in Abu Dhabi, has become one of the most prominent institutions to spread the culture of entrepreneurship and support for small and medium enterprises in the United Arab Emirates, where he financed more than 1400 projects within the country. The Hashemite Kingdom of Jordan, the Republic of Belarus and the Republic of Mali through pioneering financing programs aimed at strengthening the governmental efforts in those countries to achieve sustainable development and build a diversified and stable economy.