ADFD and Slovak Republic Set to Strengthen Bilateral Relations
Abu Dhabi,17 Nov 2014
Abu Dhabi-UAE: 17 November, 2014 – A high-level government delegation from the Republic of Slovakia headed by His Excellency Dusan Hornyak, Ambassador to the UAE, visited the Abu Dhabi Fund for Development (ADFD) to explore opportunities for further bilateral collaboration with the UAE. <p>
His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, welcomed the delegation and reiterated the UAE’s support to Slovakia’s development goals and efforts.
Lauding the Republic of Slovakia for its commitment to promote its synergy with the UAE, Al Suwaidi said: “The visit provided us valuable insights into the opportunities opening up in the Republic. ADFD is committed to collaborating on projects that help accelerate Slovakia’s economic development on a priority basis. We are confident our engagement will meet the strategic objectives of ADFD, while driving the economic and social development of the Slovak Republic.”
Earlier this year, an ADFD delegation attended a workshop organized by Ministry of Foreign and European Affairs of the Slovak Republic to explore opportunities to support Slovakian companies. The workshop was attended by representatives of development funds based in Kuwait and Saudi Arabia, and included presentations on the funds and their initiatives across sectors.
Abu Dhabi Fund for Development (ADFD) was established in 1971 as a leading national entity to provide development aid to developing countries in the form of concessionary loans. The Fund also manages the UAE government’s grants through direct supervision and follow-up of the implementation and operation of the projects. To date, the Fund has granted and managed more than AED61 billion to finance 416 development projects in 71 countries around the world.