Latest news with #AbuDhabiFundforDevelopment
Gulf Today
05-06-2025
- Business
- Gulf Today
ADFD's cumulative development financing hit Dhs216.5 billion, benefitting 107 countries
Abu Dhabi Fund for Development (ADFD) has published its 2024 Annual Report, showcasing its pioneering achievements in advancing strategic objectives aligned with the UAE's foreign aid policy. The report underscores the ADFD's vital role in supporting global sustainable development and enhancing the quality of life for communities worldwide. The report emphasizes ADFD's significant contributions to major national agendas, including the UAE Export Development Policy, UAE Centennial 2071, and Abu Dhabi Economic Vision 2030. These efforts are led by the Abu Dhabi Exports Office (ADEX), part of Abu Dhabi Fund for Development (ADFD), aimed at strengthening the global competitiveness of the UAE's industrial sector. By the end of 2024, ADFD's cumulative development financing reached Dhs216.5 billion, benefitting 107 countries across various continents. This total comprises Dhs 157 billion in concessional loans, Dhs 57.6 billion in government grants, and Dhs 1.9 billion in direct contributions. The financing supported strategic projects in critical sectors including renewable energy, infrastructure, such as housing, transportation, education, technology, and water security —helping to drive economic growth and improve quality of life in partner nations. ADFD remains committed to supporting the national economy and the long-term growth of Emirati companies, while enhancing their international reach. In this context, ADEX allocated Dhs 4 billion in financing by the end of 2024 to support UAE national exports, facilitating access to over 40 global markets. ADFD also prioritised the role of the UAE private sector, allocating Dhs 6 billion in financing, which benefitted 19 Emirati companies implementing strategic projects across 8 countries. From an investment perspective, the Fund saw robust growth, with total investments reaching Dhs 12.2 billion across 22 countries. ADFD currently invests in 17 companies across a range of sectors, helping to strengthen financial resources, stimulate key economic activities in partner countries, and create sustainable job opportunities for local communities. In a strategic reflection on the 2024 Annual Report, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD's Board of Directors, said: 'Late Sheikh Zayed bin Sultan Al Nahyan believed that the essence of civilized progress is measured by the value of the individual and their good deeds, whose impact lasts a lifetime. This philosophy formed the foundation upon which Abu Dhabi Fund for Development (ADFD) was established in 1971, transforming it into a developmental institution that embodies the values of the UAE and a shining beacon spreading its sustainable impact around the world. President His Highness Sheikh Mohamed bin Zayed Al Nahyan, follows the same path, carrying forward a legacy of giving, and supporting the objectives of the Abu Dhabi Fund for Development, in a way that achieves global prosperity." Sheikh Mansour stated: 'The Fund plays an exceptional role in supporting the UAE's foreign aid policy, which is based on principles of development and achieving economic and social stability in developing countries. Additionally, it strengthens partnerships with international and regional organizations to establish a sustainable developmental impact, reflecting the UAE's position as a global force driving sustainable development.' Sheikh Mansour added: 'Based on its strategic vision, the Fund seeks to expand its operational activities and innovate sustainable solutions that contribute to the development of partner countries. It also continues supporting the national economy by providing innovative financing tools that empower UAE companies to expand and reach new markets.' Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, and Vice Chairman of ADFD's Board of Directors, stated: 'ADFD continues to achieve more milestones, using its developmental and economic tools to enhance the UAE's position regionally and internationally, solidifying its role as an active and influential global player. Thanks to the visionary of the leadership, the Fund has become a pioneering model in adopting a strategic approach to financing vital projects that create a lasting impact and contribute to supporting the developmental programs of developing nations to meet their aspirations and strengthen their infrastructure and economies.' Sheikh Abdullah added: 'In 2024, the Fund made exceptional efforts to help countries overcome their economic and social challenges, financing many major developmental projects with a sustainable impact in areas such as energy, water, infrastructure, education, , technology, food security, and other key sectors that contribute to supporting the Sustainable Development Goals and improving the well-being of people.' Sheikh Abdullah also emphasised: 'In addition to the sustainable development impact the Fund has achieved globally, it continues to play a vital role in supporting the national economy by enhancing UAE exports and developing the capabilities of local companies to compete in global markets. That contributes to achieving sustainable economic diversification, benefiting society as a whole.' On the release of the 2024 Annual Report, Mohamed Saif Al Suwaidi, Director General of ADFD, said: 'The achievements of ADFD are a testament to the UAE's unwavering commitment to sustainable development, a vision set forth by the founding father, Sheikh Zayed bin Sultan Al Nahyan. This foundation paved the way for ADFD to become a key partner of development in emerging countries and a significant contributor to building a prosperous and sustainable future for generations to come.' Al Suwaidi continued: 'Recent accomplishments reflect the steadfast support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, whose visionary leadership serves as a beacon of inspiration. Equally, the guidance of H.H. Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD Board of Directors, has been instrumental in enabling ADFD to provide vital support, enhancing the quality of life for millions of people worldwide and playing a key role in the development of more advanced and resilient societies.' In a global recognition of its leadership, ADFD received the 2024 United Nations Small Island Developing States (SIDS) Partnerships Award in the economic category for its renewable energy initiatives in the Pacific and Caribbean islands. This is the first time the award has been granted to an institution from the Middle East and North Africa region. In a move that reflects its institutional development and forward-looking vision, ADFD launched its new corporate identity in 2024 under the slogan: 'Shaping the Future Together', reaffirming its commitment to the UAE's vision for supporting the 2030 Sustainable Development Goals and building a prosperous, sustainable future for people around the world. Building on decades of impact, ADFD is advancing its global development mission, guided by an integrated and adaptive strategy that reflects the UAE leadership's forward-looking vision and ambition to establish the Fund as a globally recognized national institution in development work and a key supporter of the national economy. Aligned with the UAE's foreign aid policy, the strategy emphasizes impactful development outcomes—both internationally and domestically—aimed at building prosperous, resilient societies for generations to come.
Al Etihad
04-06-2025
- Business
- Al Etihad
ADFD's cumulative development financing hit Dh216.5 billion, benefitting 107 countries
4 June 2025 22:48 ABU DHABI (WAM)The Abu Dhabi Fund for Development (ADFD) has published its 2024 Annual Report, showcasing its pioneering achievements in advancing strategic objectives aligned with the UAE's foreign aid report underscores the ADFD's vital role in supporting global sustainable development and enhancing the quality of life for communities report emphasises ADFD's significant contributions to major national agendas, including the UAE Export Development Policy, UAE Centennial 2071, and Abu Dhabi Economic Vision 2030. These efforts are led by the Abu Dhabi Exports Office (ADEX), part of Abu Dhabi Fund for Development (ADFD), aimed at strengthening the global competitiveness of the UAE's industrial the end of 2024, ADFD's cumulative development financing reached Dh216.5 billion, benefitting 107 countries across various continents. This total comprises Dh157 billion in concessional loans, Dh57.6 billion in government grants, and Dh1.9 billion in direct financing supported strategic projects in critical sectors including renewable energy, infrastructure, such as housing, transportation, education, technology, and water security, helping to drive economic growth and improve quality of life in partner nations. Private Sector Growth ADFD remains committed to supporting the national economy and the long-term growth of Emirati companies, while enhancing their international reach. In this context, ADEX allocated Dh4 billion in financing by the end of 2024 to support UAE national exports, facilitating access to over 40 global also prioritised the role of the UAE private sector, allocating Dh6 billion in financing, which benefitted 19 Emirati companies implementing strategic projects across 8 an investment perspective, the Fund saw robust growth, with total investments reaching Dh12.2 billion across 22 countries. ADFD currently invests in 17 companies across a range of sectors, helping to strengthen financial resources, stimulate key economic activities in partner countries, and create sustainable job opportunities for local a strategic reflection on the 2024 Annual Report, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD's Board of Directors, said: 'The late Sheikh Zayed bin Sultan Al Nahyan believed that the essence of civilised progress is measured by the value of the individual and their good deeds, whose impact lasts a lifetime. This philosophy formed the foundation upon which Abu Dhabi Fund for Development (ADFD) was established in 1971, transforming it into a developmental institution that embodies the values of the UAE and a shining beacon spreading its sustainable impact around the world."UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan follows the same path, carrying forward a legacy of giving, and supporting the objectives of the Abu Dhabi Fund for Development, in a way that achieves global prosperity." Foreign Aid His Highness Sheikh Sheikh Mansour added: 'The Fund plays an exceptional role in supporting the UAE's foreign aid policy, which is based on principles of development and achieving economic and social stability in developing countries. Additionally, it strengthens partnerships with international and regional organizations to establish a sustainable developmental impact, reflecting the UAE's position as a global force driving sustainable development.'His Highness Sheikh Mansour said, 'Based on its strategic vision, the Fund seeks to expand its operational activities and innovate sustainable solutions that contribute to the development of partner countries. It also continues supporting the national economy by providing innovative financing tools that empower UAE companies to expand and reach new markets.'His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister, Minister of Foreign Affairs, and Vice Chairman of ADFD's Board of Directors, stated: 'ADFD continues to achieve more milestones, using its developmental and economic tools to enhance the UAE's position regionally and internationally, solidifying its role as an active and influential global player."Thanks to the visionary of the leadership, the Fund has become a pioneering model in adopting a strategic approach to financing vital projects that create a lasting impact and contribute to supporting the developmental programs of developing nations to meet their aspirations and strengthen their infrastructure and economies.'His Highness Sheikh Abdullah added, 'In 2024, the Fund made exceptional efforts to help countries overcome their economic and social challenges, financing many major developmental projects with a sustainable impact in areas such as energy, water, infrastructure, education, , technology, food security, and other key sectors that contribute to supporting the Sustainable Development Goals and improving the well-being of people.'His Highness Sheikh Abdullah also emphasised, 'In addition to the sustainable development impact the Fund has achieved globally, it continues to play a vital role in supporting the national economy by enhancing UAE exports and developing the capabilities of local companies to compete in global markets. That contributes to achieving sustainable economic diversification, benefiting society as a whole.'On the release of the 2024 Annual Report, Mohamed Saif Al Suwaidi, Director General of ADFD, said,: 'The achievements of ADFD are a testament to the UAE's unwavering commitment to sustainable development, a vision set forth by the founding father, the late Sheikh Zayed bin Sultan Al Nahyan. This foundation paved the way for ADFD to become a key partner of development in emerging countries and a significant contributor to building a prosperous and sustainable future for generations to come.'Al Suwaidi continued, 'Recent accomplishments reflect the steadfast support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, whose visionary leadership serves as a beacon of inspiration. Equally, the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD Board of Directors, has been instrumental in enabling ADFD to provide vital support, enhancing the quality of life for millions of people worldwide and playing a key role in the development of more advanced and resilient societies.'In a global recognition of its leadership, ADFD received the 2024 United Nations Small Island Developing States (SIDS) Partnerships Award in the economic category for its renewable energy initiatives in the Pacific and Caribbean islands. This is the first time the award has been granted to an institution from the Middle East and North Africa a move that reflects its institutional development and forward-looking vision, ADFD launched its new corporate identity in 2024 under the slogan, 'Shaping the Future Together', reaffirming its commitment to the UAE's vision for supporting the 2030 Sustainable Development Goals and building a prosperous, sustainable future for people around the on decades of impact, ADFD is advancing its global development mission, guided by an integrated and adaptive strategy that reflects the UAE leadership's forward-looking vision and ambition to establish the Fund as a globally recognised national institution in development work and a key supporter of the national economy. Aligned with the UAE's foreign aid policy, the strategy emphasises impactful development outcomes—both internationally and domestically—aimed at building prosperous, resilient societies for generations to come.
Al Etihad
04-06-2025
- Business
- Al Etihad
Abu Dhabi Fund for Development (ADFD) advances UAE sustainable development goals locally and globally
4 June 2025 10:21 ABU DHABI (ALETIHAD)Abu Dhabi Fund for Development (ADFD) has published its 2024 Annual Report, showcasing its pioneering achievements in advancing strategic objectives aligned with the UAE's foreign aid policy. The report underscores the ADFD's vital role in supporting global sustainable development and enhancing the quality of life for communities report emphasises ADFD's significant contributions to major national agendas, including the UAE Export Development Policy, UAE Centennial 2071, and Abu Dhabi Economic Vision efforts are led by the Abu Dhabi Exports Office (ADEX), part of Abu Dhabi Fund for Development (ADFD), aimed at strengthening the global competitiveness of the UAE's industrial the end of 2024, ADFD's cumulative development financing reached Dh216.5 billion, benefitting 107 countries across various total comprises Dh157 billion in concessional loans, Dh57.6 billion in government grants, and Dh1.9 billion in direct contributions. The financing supported strategic projects in critical sectors, including renewable energy, infrastructure, such as housing, transportation, education, technology, and water security, helping to drive economic growth and improve quality of life in partner remains committed to supporting the national economy and the long-term growth of Emirati companies, while enhancing their international reach. In this context, ADEX allocated Dh4 billion in financing by the end of 2024 to support UAE national exports, facilitating access to over 40 global markets. ADFD also prioritised the role of the UAE private sector, allocating Dh6 billion in financing, which benefited 19 Emirati companies implementing strategic projects across eight an investment perspective, the Fund saw robust growth, with total investments reaching Dh12.2 billion across 22 countries. ADFD currently invests in 17 companies across a range of sectors, helping to strengthen financial resources, stimulate key economic activities in partner countries, and create sustainable job opportunities for local a strategic reflection on the 2024 Annual Report, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD's Board of Directors, said, 'Sheikh Zayed bin Sultan Al Nahyan believed that the essence of civilised progress is measured by the value of the individual and their good deeds, whose impact lasts a lifetime. This philosophy formed the foundation upon which Abu Dhabi Fund for Development (ADFD) was established in 1971, transforming it into a developmental institution that embodies the values of the UAE and a shining beacon spreading its sustainable impact around the world. His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, follows the same path, carrying forward a legacy of giving and supporting the objectives of the Abu Dhabi Fund for Development, in a way that achieves global prosperity.'His Highness stated, 'The Fund plays an exceptional role in supporting the UAE's foreign aid policy, which is based on principles of development and achieving economic and social stability in developing countries. Additionally, it strengthens partnerships with international and regional organisations to establish a sustainable developmental impact, reflecting the UAE's position as a global force driving sustainable development.'His Highness added, 'Based on its strategic vision, the Fund seeks to expand its operational activities and innovate sustainable solutions that contribute to the development of partner countries. It also continues supporting the national economy by providing innovative financing tools that empower UAE companies to expand and reach new markets.'His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, and Vice Chairman of ADFD's Board of Directors, stated, 'ADFD continues to achieve more milestones, using its developmental and economic tools to enhance the UAE's position regionally and internationally, solidifying its role as an active and influential global player. Thanks to the visionary of the leadership, the Fund has become a pioneering model in adopting a strategic approach to financing vital projects that create a lasting impact and contribute to supporting the developmental programs of developing nations to meet their aspirations and strengthen their infrastructure and economies.'His Highness added, 'In 2024, the Fund made exceptional efforts to help countries overcome their economic and social challenges, financing many major developmental projects with a sustainable impact in areas such as energy, water, infrastructure, education, technology, food security, and other key sectors that contribute to supporting the Sustainable Development Goals and improving the well-being of people.'His Highness also emphasised, 'In addition to the sustainable development impact the Fund has achieved globally, it continues to play a vital role in supporting the national economy by enhancing UAE exports and developing the capabilities of local companies to compete in global markets. That contributes to achieving sustainable economic diversification, benefiting society as a whole.'On the release of the 2024 Annual Report, His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD, said, 'The achievements of ADFD are a testament to the UAE's unwavering commitment to sustainable development, a vision set forth by the Founding Father, Sheikh Zayed bin Sultan Al Nahyan. This foundation paved the way for ADFD to become a key partner of development in emerging countries and a significant contributor to building a prosperous and sustainable future for generations to come.'His Excellency continued, 'Recent accomplishments reflect the steadfast support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, whose visionary leadership serves as a beacon of inspiration. Equally, the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD Board of Directors, has been instrumental in enabling ADFD to provide vital support, enhancing the quality of life for millions of people worldwide and playing a key role in the development of more advanced and resilient societies.'In a global recognition of its leadership, ADFD received the 2024 United Nations Small Island Developing States (SIDS) Partnerships Award in the economic category for its renewable energy initiatives in the Pacific and Caribbean is the first time the award has been granted to an institution from the Middle East and North Africa a move that reflects its institutional development and forward-looking vision, ADFD launched its new corporate identity in 2024 under the slogan Shaping the Future Together, reaffirming its commitment to the UAE's vision for supporting the 2030 Sustainable Development Goals and building a prosperous, sustainable future for people around the on decades of impact, ADFD is advancing its global development mission, guided by an integrated and adaptive strategy that reflects the UAE leadership's forward-looking vision and ambition to establish the Fund as a globally recognised national institution in development work and a key supporter of the national economy. Aligned with the UAE's foreign aid policy, the strategy emphasises impactful development outcomes – both internationally and domestically – aimed at building prosperous, resilient societies for generations to come.
Dubai Eye
31-05-2025
- Business
- Dubai Eye
UAE strengthens economic ties with Lebanon through delegation visit
A UAE delegation has explored economic collaborations with Lebanon during a three-day visit to the country, with the aim to support its economic recovery and future growth. The delegation was joined by the Abu Dhabi Fund for Development (ADFD) who assessed potential joint projects, while the UAE's Knowledge Exchange Office was tasked with visiting Beirut to share best practices on government performance and institutional excellence. This follows President His Highness Sheikh Mohamed bin Zayed Al Nahyan's meeting with Lebanon's President, Joseph Aoun in a working visit to the UAE in May, where the two leaders discussed ways to expand cooperation in economic, investment and government sectors. The delegation met with Aoun, where discussions centred around enhancing bilateral cooperation and supporting Lebanon's economic development efforts. Meetings were also held with Lebanese Prime Minister Dr. Nawaf Salam and officials from ministries of finance, education, health, public works, telecommunications and interior. The delegation also engaged with several national institutions such as the Central Bank of Lebanon, the Higher Relief Council and the Council for Development and Reconstruction. Site visits to the Port of Beirut, Beirut–Rafic Hariri International Airport, Beirut Governmental Hospital and various public service institutions further underscored the delegation's focus on identifying immediate priorities and potential areas of collaboration.
Mid East Info
29-05-2025
- Business
- Mid East Info
Abu Dhabi Fund for Development Explores New Development Opportunities in Lebanon as Part of UAE Delegation - Middle East Business News and Information
Abu Dhabi, United Arab Emirates – May 2025: Reaffirming its longstanding commitment to international cooperation and sustainable development, Abu Dhabi Fund for Development (ADFD) joined the official UAE delegation on a high-level visit to the Republic of Lebanon, aimed at strengthening economic ties and advancing strategic partnerships. The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, met with President Joseph Aoun in a working visit to the UAE in May, the two leaders discussed ways to expand cooperation in economic, investment, and government sectors. As part of this effort, the ADFD was tasked to send a delegation to Lebanon to assess potential joint projects, while the UAE's Knowledge Exchange Office was tasked with visiting Beirut to share best practices on government performance and institutional excellence. The three-day visit brought together senior UAE officials and Lebanese leadership to explore collaborative solutions that support Lebanon's economic recovery and future growth. The delegation met with His Excellency General Joseph Aoun, President of the Republic of Lebanon, where discussions centered around enhancing bilateral cooperation and supporting Lebanon's economic development efforts. Meetings were also held with H.E. Dr. Nawaf Salam, Prime Minister of Lebanon, and ministers from the Ministries of Finance, Energy and Water, Education, Health, Public Works, Telecommunications, and Interior. The delegation also engaged with several national institutions such as the Central Bank of Lebanon, the Higher Relief Council, and the Council for Development and Reconstruction. ADFD also visited the Banque de l'Habitat (Housing Bank) in Beirut to explore cooperation on offering concessional loans to support housing solutions and enable citizens to access affordable housing. Both parties agreed to continue coordination, including upcoming meetings in Abu Dhabi to discuss project implementation and follow-up on proposed initiatives. H.E. Mohamed Saif Al Suwaidi, Director General of ADFD, said:'The Fund's participation underscores the UAE's commitment to supporting friendly nations, continuing its leading role in fostering international cooperation. ADFD's partnership with Lebanon spans over five decades, during which we have helped implement strategic development projects across vital sectors such as infrastructure, education, energy, and healthcare.' He added: 'Our presence in Lebanon today reaffirms our deep commitment to supporting its government in tackling economic challenges and enhancing the quality of life for the Lebanese people. We aim to leverage our expertise and partnerships to help develop sustainable solutions that align with the country's aspirations for recovery and reconstruction.' During the Knowledge Exchange Forum, Lebanese Prime Minister Dr. Nawaf Salam praised ADFD's instrumental role in supporting Lebanon's development journey since the 1970s, describing the Fund as a trusted partner throughout various stages of national progress and an enabler of tangible improvements across key sectors. Site visits to the Port of Beirut, Beirut–Rafic Hariri International Airport, Beirut Governmental Hospital, and various public service institutions further underscored the delegation's focus on identifying immediate priorities and potential areas of collaboration.
