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ADFD Extends Monetary Support to HCT – Al Ibtikar Club

Abu Dhabi,28 Feb 2019

Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has extended a financial contribution to the Higher Colleges of Technology’s Abu Dhabi Men’s College (ADMC) campus for its ‘Al Ibtikar Club’.

Aiming to engage ADMC students in innovative and creative activities, the financial support is in line with the Fund’s corporate social responsibility (CSR) agenda. Al Ibtikar Club – a space dedicated to basic science experimentation, design and fabrication – will be a platform that fosters new and innovative ideas in Science, Technology, Engineering & Mathematics (STEM), promotes creativity and instils inventiveness among students.

Coinciding with the UAE Innovation Month 2019, ADFD’s monetary contribution will go towards providing lab equipment and supplies for the Idea Lab and various activities that support student advancement.
His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, said: “Advancing education and empowering youth development are at the core of our CSR policy. ADFD is proud to play an active role in equipping the national cadres of tomorrow with the tools required to lead productive and sustainable careers.”

He added: “This new partnership with the Higher Colleges of Technology is also in line with the Fund’s international and national endeavours to build capabilities and impart knowledge. Meeting the outlined pillars of the Abu Dhabi Economic Vision 2030, we are confident that the new initiative will help students in facing the changes and demands of knowledge-based societies, economies and industries.”

For his part, Dr Addel Al Ameri, Deputy Vice Chancellor of Strategy and Future at HCT lauded the support from ADFD saying it further solidifies joint community efforts in nurturing national talent and harnessing their creative potential. Speaking on the initiative, he said that the Al Ibtikar Club will benefit 2,800 students with an interactive space to cultivate innovative projects related to the needs of business institutions. He further explained that the space will host innovators and welcome the support of institutions that promote innovative projects.

In mid-October 2017, ADFD extended a financial contribution to the Khalifa Bin Zayed Al Nahyan Foundation (KBZF) to assist low-income households within the country through a two-pronged approach – the provision of essential school supplies and financing medical treatment.

In early October 2017, ADFD earmarked an endowment for Zayed Higher Organization for Humanitarian Care and Special Needs (ZHO) to expand its schedule of gardening workshops for differently abled women at the Zayed Agriculture Center.

In September 2017, the Fund extended monetary support to two Emirates Foundation programmes – Kafa’at and Think Science – that aim to empower UAE youth. In August 2017, ADFD allocated a financial contribution to Dar Zayed for Family Care to purchase laptops for university students to assist them in their studies.

Furthermore, in a bid to enhance social solidarity and instil a spirit of civic responsibility across its departments, the Fund leveraged its partnerships with local public and private sector entities to launch the My Community programme that mandates every employee to complete 25 hours of voluntary work annually.

Since its inception in 1971, ADFD has financed thousands of development projects worth approximately AED83 billion in 88 beneficiary countries. Mandated to implement Abu Dhabi government’s development programme policies, the Fund provides concessionary loans, manages Abu Dhabi government grants and injects direct long-term investments with the aim of driving economic development in partner countries.