ADFD explores investment cooperation opportunities with Georgia
Abu Dhabi,21 Sep 2021
His Excellency Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development, received yesterday at the Fund's headquarters a government delegation from Georgia headed by Her Excellency Natia Turnava, Minister of Economy and Sustainable Development, in the presence of His Excellency Bata Kalandadze, Ambassador of the Republic of Georgia to the UAE, and Mr. Rashid Al Kaabi, Director of Investments Department at ADFD.
During the meeting, the two sides discussed ways to increase bilateral relations and economic investment opportunities, as well as the potential to enhance the role of the Fund in supporting Georgia's sustainable economic development priorities.
His Excellency Mohammed Saif Al-Suwaidi said: “The visit of the Minister of Economy and Sustainable Development of Georgia to ADFD presents a tremendous opportunity to increase our economic cooperation and investment opportunities. The Fund is seeking to strengthen investments with West Asian countries and this type of bilateral meeting can help to identify opportunities that serve the common interests of both countries."
Her Excellency Natia Turnava praised the level of relations between the Republic of Georgia and the United Arab Emirates and noted the important role ADFD plays supporting sustainable development and investment projects in countries of the world: "It was a very positive discussion about opportunities to cooperate on potential economic development projects. Georgia is an attractive and stable economic environment and there are many opportunities for foreign investments."
Since its establishment in 1971, Abu Dhabi Fund for Development has contributed to supporting developing countries and enhancing their economies. The Fund has financed thousands of development projects in 97 countries, which have had significant social and economic impacts. The fund's total financing and investments amount to more than 150 billion dirhams.
