ABOUT ADFD -

عربي

About ADFD

Abu Dhabi Fund for Development is an autonomous institution owned by the government of Abu Dhabi. it was established on July 15th, 1971 to help developing countries to achieve development through assistance in the form of concessionary loans, developments grants and equity participation.

Abu Dhabi Government supporting brotherly and friendly nations, particularly the developing ones, by assisting vital projects pivotal for development initiatives, strengthening infrastructure and providing employment and capital.

Since its establishment, ADFD has embarked on partnership with both public and private sectors in 53 countries to support various development projects. These span wide range of sectors including infrastructure, agriculture, electricity and water, transportation, industry, social & healthcare services, tourism & hospitality, telecommunications, and studies & technical support.

ADFD grants and loans, valued at AED 12.5 billion (US$3.542 billion), have funded 199 projects in 53 developing countries. In addition, ADFD has set up 12 joint ventures that operate in various sectors in different geographical locations. ADFD also manages loans and grants initiated by Abu Dhabi government valued at AED10 billion.

Vision

To be a model institution in providing development assistance that alleviates global poverty.

Mission

To help developing countries achieve sustainable economic growth and reduce poverty by providing financial resources, forging partnerships in the public and private sectors, and adopting international best practices to ensure aid effectiveness.

Values

Cooperative: Collaborate without boundaries, show care and respect for others’ views, encourage team achievements.

Creative: Always improving, focus on solutions not problems, embrace change with positive attitude.

Committed: Responsible for high performance, adhere to high ethical standards, determined to achieve our goals.

Competent: Encourage personal development, confidence in our abilities, improve corporate skills and knowledge.

Core Business

Concessionary loans:

ADFD Provides finance aid to governments in developing countries in the form of concessionary loans and administers the grants provided directly by the Abu Dhabi government to support projects that contributes to the country’s economic development and growth.

Equity participation:

ADFD regards expanding private sector activities as vital for its fight against poverty because:

■ Private sector growth contributes directly to economic growth which creates jobs that use labor, the main asset of the poor.

■ Economic growth increases the tax base, enabling governments to provide basic social services.

■ Private sector is acknowledged to be better suited for sustaining rapid growth than government. Therefore, ADFD supports private sector development through its equity participation operation.

Achievements

Since its inception, ADFD has provided loans, grants, and investments worth AED13 billion to finance 211 development projects and establish joint ventures. In addition, ADFD also manages the loans and grants of Abu Dhabi Government, taking the lead role to design, implement, supervise and assess funded projects. ADFD manages 62 projects valued at AED 10 billion that are backed by the Abu Dhabi Government. In all, these 273 projects have been undertaken in 53 developing countries across the world.