ADFD and Armenian President Conduct Exploratory Meeting to Boost Bilateral Ties between UA...
Abu Dhabi,14 Nov 2016
His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), welcomed and met with Serzh Sargsyan, President of Armenia, during the latter’s visit to the UAE.
The two sides reviewed ADFD’s existing developmental ventures in Armenia and explored new schemes, projects and endeavours through which ADFD could support the government of Armenia in achieving the country’s developmental goals.
ADFD and the government of Armenia enjoy long-standing synergies. In 2007, ADFD provided Armenia with an AED37 million concessionary loan to develop the country’s agricultural and irrigation sector.
Providing the Armenian President with an overview of ADFD’s latest successful financing initiatives around the world, His Excellency Al Suwaidi said: “The UAE and Armenia enjoy long-standing and cordial bilateral relations. We are pleased to meet with President Serzh Sargsyan today to renew these ties of friendship and identify new opportunities for collaboration across all key socio-economic sectors in Armenia.”
For his part, President Sargsyan praised the UAE’s keenness in fostering the development and growth of the world’s developing nations. He highlighted the relentless efforts of the Fund in expanding key infrastructure projects to ultimately lay the foundation for sustainable and long-term growth.
President Sargsyan is on an official state-visit to the UAE. Upon his arrival in the UAE capital on November 10, President Sargsyan was welcomed by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces at the Presidential Flight Airport