Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to finance a project aimed at providing potable water to the city of Kiffa, which will be sourced from the Senegal River. The contribution from the ADFD towards this strategic project amounts to AED110 million (US$30 million). The total value of the project, which is being financed by several Arabic a...

His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, COP28 President-Designate, and UAE Governor of the Asian Infrastructure Investment Bank; and Jin Liqun, President of the Asian Infrastructure Investment Bank, signed the Host Member Agreement for establishing the AIIB’s Interim Operational Hub in the UAE on the Abu Dhabi Global Market, AIIB’s first overseas office. ...

Abu Dhabi Exports Office (ADEX), the export financing arm of Abu Dhabi Fund for Development; and Japan’s Sumitomo Mitsui Banking Corporation (SMBC), have joined hands to provide a loan facility of USD135 million to Trafigura, a market leader in the global commodities industry. ADEX contributed USD125 million of the total facility to support Trafigura’s working capital needs, including for export...

Abu Dhabi Fund for Development (ADFD) has signed an agreement with the Nigerian government to finance the Minna-Bida Road project in the country. The Fund has allocated AED165 million (US$45 million) to support the first development project in Nigeria, which is expected to stimulate commercial activities and improve transport links between the main cities in the country. The 82-kilometer road lin...

His Excellency Khalifa Al Qubaisi, Deputy Director General of the Abu Dhabi Fund for Development; held a meeting with His Excellency Alpha Bacar Barry, Minister of Technical Education, Vocational Training and Employment of Guinea; during the World Government Summit in Dubai. In attendance were Adel Abdulla Al Hosani, Director of Operations at ADFD; Khalil Al Mansoori, Acting Director General of th...

His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD) and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), met His Excellency Arnoldo Andre Tinoco, Minister of Foreign Affairs of Costa Rica, to discuss ways to strengthen relations between the UAE and Costa Rica in various fields. The meeting was held as part of the...

Abu Dhabi Fund for Development (ADFD) and the International Finance Corporation (IFC), a member of the World Bank Group, signed a Memorandum of Cooperation during the World Government Summit to support investments in emerging markets related to the clean energy transition, climate mitigation and adaptation, the adoption of clean technologies, and food security amongst others. The cooperation fr...

The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed two green finance agreements with the government of Angola, valued at AED445 million (US$121.3 million). The financing is provided in cooperation with Standard Chartered Bank. One agreement, valued at AED330 million (US$90 million), relates to the acquisition of an analytical platform, ...

Abu Dhabi Exports Office (ADEX), signs an agreement with the Korea Trade Insurance Corporation (K-SURE), on the sidelines of the UAE-Korean Business Forum, organized by the Abu Dhabi Chamber of Commerce & Industry. His Excellency Yoon Suk-yeol, President of South Korea, was present at the event. The agreement aims to promote Emirati exports, drive investment, and explore fresh opportunities to c...

The Republic of Seychelles moved a step closer to realizing its clean energy ambitions with the inauguration of a UAE-funded 5-megawatt (MW) solar photovoltaic (PV) plant with battery storage, the second clean-energy project in the African island nation. Developed by Masdar and the Seychelles’ Public Utilities Corporation (PUC), the Ile de Romainville Solar Park was financed by Abu Dhabi Fun...

A delegation from Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX), visited Al Dahra Agricultural Company in Khalifa Industrial Zone (KIZAD), one of the leading firms in the UAE’s food and agriculture sector. The delegates held a meeting with the company officials, where they explored ways to enhance cooperation and underscored ADFD’s role in supporting the effort of m...

The Executive Committee of the Abu Dhabi Fund for Development (ADFD) held its first meeting for 2022, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Vice Chairman of the ADFD Board of Directors, Chairman of the Executive Committee. The virtual meeting was attended by H.E. Ahmed bin Ali Al Sayegh, Minister of State, H.E. Fari...

The Abu Dhabi Exports Office (ADEX) signed an agreement with Togo’s Ministry of Economy and Finance to raise the production capacity of the Mohammed bin Zayed Solar Park in the country from the current 50 megawatts to 70 megawatts. In addition, the financing will help procure 4MWh solar energy production storage system. Under the agreement, the Abu Dhabi Exports Office will provide a loan of AED9...

Abu Dhabi Fund for Development celebrated the UAE’s 51st National Day, with the programs presided over by His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD. His Excellency Khalifa Al Qubaisi, the Deputy Director General; department directors; and other members of the staff took part in the celebrations. In a speech, H.E. Al Suwaidi extended greetings to His Highness Sheikh Mohamme...

Abu Dhabi Fund for Development (ADFD) signed a financing agreement with the Argentine government for an AED105.8 million (US$28.8 million) project to build modern water plants and rehabilitate and expand existing water stations in 26 villages in Cordoba province. The agreement was signed by H.E Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development; and H.E Juan Schiaretti, t...

His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, today met at the Fund’s headquarters Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB). The meeting was attended by His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD, and other officials from both sides. The two sides discussed the development of bilateral rel...

Abu Dhabi Fund for Development participated in the first plenary session of the Council of Foreign Investors in Uzbekistan, which was held this week under the chairmanship of His Excellency Shavkat Mirziyoyev, President of Uzbekistan. The discussions focused on fostering economic development in Uzbekistan by facilitating investment in various fields and enabling investors to overcome obstacles. ...

Today, three new partners have officially joined the Energy Transition Accelerator Financing Platform (ETAF), IRENA’s global climate finance platform aimed at mobilising capital to scale up renewable project funding in developing countries by 2030. Cooperation agreements with the Asian Infrastructure Investment Bank (AIIB), Masdar and Swiss Re were signed on-site at the UN Climate Change Conferen...

The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed an AED36.7 million (US$10 million) line-of-credit agreement with the National Bank of Iraq, part of the Capital Bank Group. The agreement aims to boost economic cooperation between the UAE and Iraq which, in turn, will strengthened bilateral relations. It will also encourage Emirati c...

The UAE participated in the seventh annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), held virtually under the theme “Sustainable Infrastructure Toward a Connected World”. The UAE was represented by His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and the UAE’s Governor at the AIIB Board of Governors. The Meeting...

The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development, took part in a CEOs Forum for Exporting Manufacturers, which was held in the UAE capital. The event was attended by senior government officials and representatives of public and private companies and industrial institutions. Organized by the Abu Dhabi Department of Economic Development (ADDED), in coo...

A delegation from Abu Dhabi Fund for Development (ADFD) and its export-financing arm, the Abu Dhabi Exports Office (ADEX), visited Abu Dhabi Ship Building (ADSB), an entity within EDGE, one of the world’s leading advanced technology groups for defense and beyond. The delegates held discussions with ADSB officials about the promotion of Emirati companies with ADFD’s support and raising the competit...

Abdullah Al Muhairbi, an Emirati engineer, has created history after he scaled the 5,642-meter Mount Elbrus in Russia, and 6,962-meter Mount Aconcagua in Argentina in South America. These achievements are part of his mission to conquer the Seven Summits – the highest mountains of each of the seven continents. In 2015, he climbed the highest peak in Africa, on Mount Kilimanjaro in Tanzania, which i...

Abu Dhabi Fund for Development (ADFD) will celebrate Emirati Women's Day on August 28 under the theme, “An Inspiring Reality, a Sustainable Future”. The occasion is an opportunity for ADFD to recognize the contributions of women to the UAE’s progress and development and their outstanding achievements in every sphere. H.E. Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Developmen...

Since its establishment in 1971, Abu Dhabi Fund for Development has been on a mission to drive development in various fields; it has achieved many milestones for the UAE, enabling the country to raise its global status, thanks to the patronage of the leadership. The national vision has been the guiding principle for ADFD as it helped developing countries to strengthen their economies, while also s...

Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX) signed two loan agreements with the Electricity and Water Authority in Bahrain to finance a water supply network project. Under the agreements, ADFD has committed to provide a loan of AED150.6 million, and ADEX to provide a loan of AED187.32 million. The project aims to enhance the capacity of the water transmiss...

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), whereby a line of credit of US$20 million will be opened between the two entities that will enhance strategic cooperation, leading to an increase in the volume of trade between the UAE and ECOWAS member...

Abu Dhabi Fund for Development and its export-financing arm, the Abu Dhabi Exports Office (ADEX), participated in the “Make in the Emirates” forum, organized by the Ministry of Industry and Advanced Technology (MoIAT) in cooperation with the Abu Dhabi Department of Economic Development (ADDED). The forum was held on June 21 and 22 under the theme, “Invest, Partner, Grow”. More than 1,300 represe...

The International Renewable Energy Agency (IRENA) signed agreements with the Abu Dhabi Fund for Development (ADFD) and The Abu Dhabi Future Energy Company (known as Masdar) at the Agency’s headquarters today. The agreement with ADFD formalises the fund’s anchor investment of USD 400 million to IRENA’s Energy Transition Accelerator Financing (ETAF) Platform. The signing of the Letter of Intent with...

Two grain silos have been inaugurated in Jordan’s Juwaideh and Aqaba regions following an extensive renovation. The project was carried out by Abu Dhabi Fund for Development (ADFD) to raise the capacity of the Juwaideh silo to 120,000 tons, and the Aqaba granary to 100,000 tons. The aim was to support the Jordan’s National Food and Security Strategy for 2025. Abu Dhabi Fund financed the AED258.7 ...

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a financing agreement with Capital Bank of Jordan, whereby a credit line of approximately AED73.4 million (US$20m) will be opened to support collaborative efforts to enhance UAE's exports to the region and boost economies of the two countries. The agree...

Abu Dhabi Fund for Development (ADFD) participated as a strategic sponsor in the Bonds, Loans and Sukuk Middle East conference, which was held in Dubai on June 7 and 8. The forum is the largest of its kind in the region, which brings together issuers, borrowers, investors, and bankers to discuss the developments of local and international bond, syndicated loan and sukuk markets. The global eve...

Abu Dhabi Fund for Development (ADFD) joined the international community in celebrating World Environment Day on June 5. Marked this year under the theme, “We have Only One Land”, the occasion aimed to unite global efforts to preserve the environment and sustain its limited land resources. ADFD emphasized the UAE’s leading role in preserving the environment and addressing negative impacts of cli...

Khalil Al Mansoori, Acting Director General of Abu Dhabi Exports Office (ADEX), met officials from Industrial Development Bureau representing Abu Dhabi's Department of Economic Development. They reviewed cooperation and strategic partnership, as well as plans to promote exports and support the national economy. Al Mansoori said: “The meeting is part of an initiative to unite the national...

Abu Dhabi Fund for Development has launched the Tamkeen programme for vocational training to support the UAE’s effort to build a knowledge economy by investing in skill development of Emiratis. Supervised by experts and specialists from ADFD, the training covers diverse areas such as investment, project management, financial affairs, internal auditing, information technology, media and communicati...

Strategic relations between Abu Dhabi Development Fund for Development (ADFD) and the government of Jordan date to 1974, when ADFD financed the first project in the country. Thereafter, the Fund financed hundreds of development projects in vital sectors, whose total value stands at about AED 6.5 billion. These projects collectively raised the standard of living in Jordan and helped the government ...

H.E Khalifa Al Qabisi, Deputy Director General of ADFD, hosted Shaukat Ali Soudhan, Ambassador of Mauritius, at the Fund’s headquarters in Abu Dhabi. They explored expansion of cooperation that would bolster crucial sectors in Mauritius. Al Qabisi said that the meeting was part of periodic interactions that are held to discuss cooperation over mutual interests and priorities. “The visit was als...

Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), hosted at ADFD headquarters Sunjay Sudhir, the Ambassador of India to the UAE. The talks were held against the backdrop of the Comprehensive Economic Partnership Agreement signed this year by the two countries, which is expected...

Abu Dhabi Exports Office (ADEX) received representatives of the Export-Import Bank of Korea (KEXIM) at its headquarters here. The two sides discussed ways to reinforce their collaboration that would lead to more robust trade relations between the UAE and South Korea.   The meeting was led by Khalil Al Mansoori, Acting Director General of ADEX; and Cholkyu Lee, Chief Representative o...

Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding (MoU) with the African Development Bank (AfDB), aimed at strengthening cooperation over investment in strategic sectors in Africa that would sustainably drive socioeconomic development in the continent, while also achieving the UAE’s development- financing goals for developing countries. The MoU was signed by H.E. Moha...

H.E. Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD) and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), met today with a Tanzanian delegation led by H.E Dr. Philip Isdor, Vice President of the United Republic of Tanzania to discuss the enhancement of bilateral relations between the UAE and Tanzania. On the ...

H.E. Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), and Chairman of the Exports Executive Committee of Abu Dhabi Exports Office (ADEX), welcomed a delegation from the republic of Brazil led by H.E. Flávio Augusto Viana Rocha, Special Secretary for Strategic Affairs of the Presidency of the Brazilian Republic. Along with Mr. Khalil Al Mansoori, Acting Director ...

His Excellency Mohammed Saif Al Suwaidi, the Director General of Abu Dhabi Fund for Development (ADFD), received His Excellency Dr. Mohamed Irfaan Ali, the President of Guyana, and his delegation. The meeting was attended by senior officials from ADFD. The two sides discussed the strategic relations and future opportunities that serve mutual interests. H.E. Al Suwaidi expressed his gratitude to ...

The Board of Directors of the Abu Dhabi Fund for Development (ADFD) held a meeting under the chairmanship of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and ADFD Board Chairman, and in the presence of the board members and ADFD Director-General. His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International C...

Water projects prominently figure in developmental initiatives of Abu Dhabi Fund for Development (ADFD). Estimated at AED2 billion, these initiatives collectively benefited 18 countries while also powering other sectors such as agriculture, industry and energy. The emphasis on water reflects ADFD’s commitment to the world to support efforts to achieve the UN’s Sustainable Development Goals, especi...

Abu Dhabi Fund for Development (ADFD) participated in the inauguration of five colleges in Jordan, which were built with an ADFD funding of AED80.3 million (US$21.83m). The initiative is part of the Jordanian Public Universities Development Program that includes the implementation of 27 projects in the education sector at a total value of AED 466 million (US$126.87m) to boost the education sector....

The Abu Dhabi Exports Office (ADEX) took part in a two-day TXF Middle East and Africa conference, which sought to enhance export and finance collaboration between the two regions. The participation is part of ADEX’s effort to strengthen the Emirati export sector and support the drive to diversify the national economy. The TXF Middle East & Africa: Export Project Finance 2022 conference, held in...

Abu Dhabi Fund for Development participated in the inauguration of the first bridge built as part of the Berbera-Hargeisa corridor project in Somaliland. This strategic initiative has been financed from the AED 330.5 million (US$89.9m) grant programme provided by the United Arab Emirates for the country in 2017. The grant is managed by ADFD to finance various projects to drive sustainable developm...

His Excellency Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received at the Fund’s headquarters in Abu Dhabi His Excellency Shaukat Ali Soudhan, Ambassador of Mauritius to the UAE. His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; and other senior officials from both sides were present at the meeting. They discussed bilateral ...

His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received His Excellency Rodrigo Malmercadiz, Minister of Trade, Foreign Investment and International Cooperation of Cuba, at the ADFD headquarters in Abu Dhabi. Present at the meeting were His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; His Excellency Roberto Blanco, Amba...

His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received a delegation from Guinea-Conakry, headed by His Excellency Ousmane Domboya, Adviser to the President. The discussions focused on expanding the economic cooperation. The meeting was attended by His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; and other offic...

His Excellency Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development, received His Excellency Husain Bagis, Ambassador of the Republic of Indonesia for the UAE, at the Fund’s headquarters in Abu Dhabi. His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD, and several officials from both sides also attended the meeting. During the meeting, the two ...

His Excellency Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received a delegation from the Republic of Sierra Leone led by His Excellency Dr. Austin Demby, Minister of Health and Sanitation. Along with His Excellency Rashid Sesay, Ambassador of the Republic of Sierra Leone for the UAE, and His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director Gener...

During its pioneering 50-year journey, Abu Dhabi Fund for Development has worked to support international efforts aimed at achieving sustainable development in the education sector around the world. To date, it has funded 64 educational development projects that serves the educational sector, with a total of AED2 billion invested across 15 developing countries around the world. In its report, issu...

Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, signed an agreement to provide a concessionary loan valued at AED 51.4 million (US $14 million) to support development of a new waste-to-energy plant on Ado Island in the Maldives, a project which was selected under ADFD-IRENA Project Facility. The Agreement was signed by His Excellency Mohammed Saif Al Suw...

The Moroccan government celebrated the inauguration of a major university housing project at Mohammed VI University of Health Sciences in Mohammedia City, Morocco, that was developed with the support of the Abu Dhabi Fund for Development (ADFD). The project creates an integrated university district designed to the highest international standards to provide high-quality accommodation for students...

Emirates Development Bank [EDB], a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Fund for Development (ADFD). As part of this MoU, EDB will provide innovative financing and banking solutions, credit guarantees and joint lending for the beneficiaries of ADFD’s programmes and th...

The Executive Committee of the Abu Dhabi Fund for Development (ADFD) held its first meeting in 2021, under the chairmanship of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Vice Chairman of the ADFD Board of Directors and Chairman of the Executive Committee. The virutal meeting was attended by Executive Committee members: Ahmed bin Ali Al Say...

Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development, signed an agreement with the Government of Lesotho to provide AED73 million (US$20 million) to finance the development of a water supply system in the Butha-Buthe District in Lesotho. The loan agreement was signed by His Excellency Mohammed Saif Al-Suwaidi, Director General of ADFD, and His Excellency Tha...

His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received a delegation from the Central Bank of Egypt led by the Governor His Excellency Tarek Hassan Amer. During the meeting, both parties discussed bilateral relations, economic cooperation as well as the significant role the UAE plays in leading efforts that help to drive sustainable economic dev...

​His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received a delegation from the Republic of Liberia headed by His Excellency De-Maxwell Sah Kemaye, Minister of Foreign Affairs of Liberia. During the meeting, the two sides discussed bilateral relations and ways of exploring cooperation in several key areas, including the role of the Fund in sup...

​As part of its mission to drive sustainable growth of Emirati- manufacturing and export companies, the Abu Dhabi Export Office (ADEX) held a webinar to showcase its leading financing solutions which can help boost exports and enhance local companies' competitiveness in global markets. Themed 'Financing Solutions and services to support UAE export businesses growth', the w...

His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), and Her Excellency Francisca Méndez Escobar, Ambassador of Mexico to the United Arab Emirates, recently discussed how to develop bilateral relations and increase economic cooperation. The meeting, held yesterday at the Fund's headquarters, was attended by Mr. Adel Al Hosani, Operations Department...

Emirates Development Bank (EDB), fully owned by the UAE Federal Government and a key financial enabler of the country's economic diversification and industrial transformation agenda, announced the signing of cooperation agreement with Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), to boost the export potential of national businesses by offer...

​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, ...

Abu Dhabi Fund for Development has signed an MoU with the Government of Mauritania to finance a major refurbishment and modernization project valued at around AED24 million (US$6.5 million) for the Tanit Fishing Port, an artisanal fishing port that through this renovation and development of an ice factory will better enable local fishermen to benefit from the country's fisheries economy, incre...

Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity founded by Abu Dhabi Fund for Development, has reached key milestones in its efforts to boost the UAE's non-crude export sector and support global market expansion of Emirati exporters.​ In its first full year of operation in 2020, ADEX committed AED500 million (USD 136 million) to overseas buyers to finance their pro...

The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has entered a strategic partnership with Ras Al Khaimah (RAK) Chamber of Commerce and Industry as part of its efforts to support Emirati exporters and build a diverse and sustainable national economy. Both parties formally sealed their cooperation during a recent signing of a Memorandum of Under...

Ministers and key officials of several developing countries across the globe have lauded the efforts of Abu Dhabi Fund for Development (ADFD) in driving sustainable economic development in their countries. Noting that the fund has played a significant role in financing thousands of development projects across strategic sectors, they highlighted the profound change brought about by ADFD-funded proj...

Major electricity projects valued at AED51 million (US$13.9 million) have been inaugurated by the government of the Comoros. Financed by Abu Dhabi Fund for Development, the UAE’s leading development financing institution driving sustainable development at home and abroad, these projects will supply electricity to more than 12,000 homes and are expected to stimulate the economy of the island nation...

Since its establishment in 1971, Abu Dhabi Fund for Development (ADFD) has financed thousands of development projects that significantly impacted millions of lives in 97 developing countries around the world. The projects have contributed to advancing economic growth, improving access to healthcare and education, and building modern infrastructure, including road, railway and water networks as wel...

Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, signed an agreement with the Government of Guinea to provide a concessionary loan valued at AED95.5 million (USD$ 26 million) to finance developing a major interchange and roads project in the heart of Conakry, the nation’s capital city. Conakry is the largest city in Guinea and a growing economic hub of ...

Since its establishment in 1971, Abu Dhabi Fund for Development (ADFD) has been playing a leading role in translating into reality the UAE’s vision to strengthen the economies of developing countries, as well as supporting the national economy and enhancing its competitiveness at the global level. Over the past 50 years, the Fund has financed thousands of strategic projects in 97 countries, creat...

Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, signed an agreement with the Government of Rwanda to provide a concessionary loan valued at USD 15 million (AED55 million) to finance the Rambura – Nyange section of the Rubengera- Muhanga road project. The financed road project will support Rwanda government’s strategic transportation infrastructure develo...

The Mohamed Bin Zayed Solar PV Complex, one of the largest solar PV plant in West Africa financed by Abu Dhabi Fund for Development (ADFD) and selected under ADFD-IRENA Project Facility, is now fully operational. The 50-megawatt (MW) project in Blitta, Togo will supply reliable, clean electricity to hundreds of thousands of homes and businesses in the country to receive a sustainable supply of cle...

The Mohamed Bin Zayed Solar PV Complex, one of the largest solar PV plant in West Africa financed by Abu Dhabi Fund for Development (ADFD) and selected under ADFD-IRENA Project Facility, is now fully operational. The 50-megawatt (MW) project in Blitta, Togo will supply reliable, clean electricity to hundreds of thousands of homes and businesses in the country to receive a sustainable supply of cle...

Abu Dhabi Fund for Development (ADFD) signed a cooperation agreement with the Emirates Red Crescent (ERC) to finance the development projects supported by the Mother of the Nation program in the Comoros. As part of the funding, ADFD has provided AED35 million to the UAE government’s grant to the Comoros to support development projects within the Mother of the Nation program. Serving key sectors i...

Abu Dhabi Fund for Development (ADFD) signed a cooperation agreement with the Emirates Red Crescent (ERC) to finance the development projects supported by the Mother of the Nation program in the Comoros. As part of the funding, ADFD has provided AED35 million to the UAE government’s grant to the Comoros to support development projects within the Mother of the Nation program. Serving key sectors i...

Abu Dhabi Fund for Development (ADFD) today signed two agreements worth AED367 million with the Government of Turkmenistan. The first agreement includes the allocation of AED275 million (US$75 million) towards the construction of an airport in Jebel in Balkan Region, whereas the second agreement aims to finance the development of a 10 megawatts hybrid power plant at a cost of AED92 million (US$25 ...

Abu Dhabi Fund for Development (ADFD) today signed two agreements worth AED367 million with the Government of Turkmenistan. The first agreement includes the allocation of AED275 million (US$75 million) towards the construction of an airport in Jebel in Balkan Region, whereas the second agreement aims to finance the development of a 10 megawatts hybrid power plant at a cost of AED92 million (US$25 ...

​Ajman Department of Economic Development (Ajman DED) today signed a cooperation agreement (MoU) with the Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity established by Abu Dhabi Fund for Development (ADFD) to provide solutions to national export companies to enhance their business and geographically expand the scope of their activities to international markets. The agree...

​Ajman Department of Economic Development (Ajman DED) today signed a cooperation agreement (MoU) with the Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity established by Abu Dhabi Fund for Development (ADFD) to provide solutions to national export companies to enhance their business and geographically expand the scope of their activities to international markets. The agree...

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a USD 30 million (AED 110.19 million) line -of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank's Member States. The partnership is the first of its kind to be signed by ADEX with a foreign financial inst...

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a USD 30 million (AED 110.19 million) line -of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank's Member States. The partnership is the first of its kind to be signed by ADEX with a foreign financial inst...

The Impact Committee of the Lives and Livelihoods Fund (LLF) recently convened its fourth session virtually to review the implementation progress of the Fund’s projects approved over the past year and projects submitted for approval in 2020, as well as the LLF’s newly launched communications strategy. Abu Dhabi Fund for Development (ADFD) chaired the meeting.The members of the committee welcomed t...

The Impact Committee of the Lives and Livelihoods Fund (LLF) recently convened its fourth session virtually to review the implementation progress of the Fund’s projects approved over the past year and projects submitted for approval in 2020, as well as the LLF’s newly launched communications strategy. Abu Dhabi Fund for Development (ADFD) chaired the meeting.The members of the committee welcomed t...

Abu Dhabi Fund for Development (ADFD), the UAE’s leading development financing institution driving sustainable development at home and abroad, welcomed a high-level delegation from Sudan at its headquarters. Headed by Her Excellency Dr Maryam Al-Sadiq Al-Mahdi, Minister of Foreign Affairs of Sudan, the delegation met with His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD and explor...

Abu Dhabi Fund for Development (ADFD), the UAE’s leading development financing institution driving sustainable development at home and abroad, welcomed a high-level delegation from Sudan at its headquarters. Headed by Her Excellency Dr Maryam Al-Sadiq Al-Mahdi, Minister of Foreign Affairs of Sudan, the delegation met with His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD and explor...

Abu Dhabi Fund for Development (ADFD), the UAE’s leading development financing institution driving sustainable development at home and abroad, took part in a virtual ceremony organised by Colombian Presidential Agency of International Cooperation (APC-Colombia), to launch a project to support micro, small and medium enterprises (MSMEs) in Colombia. The AED 37 million (US$10 million) programme will...

Abu Dhabi Fund for Development (ADFD), the UAE’s leading development financing institution driving sustainable development at home and abroad, took part in a virtual ceremony organised by Colombian Presidential Agency of International Cooperation (APC-Colombia), to launch a project to support micro, small and medium enterprises (MSMEs) in Colombia. The AED 37 million (US$10 million) programme will...

The Abu Dhabi Fund for Development (ADFD) Board of Directors approved the allocation of AED735 million ($200 million) for Abu Dhabi Exports Office (ADEX) to accommodate export financing that will help spur the growth of exports of UAE national companies. The 2021 budget allocation increased by 33.3%, with AED184 million ($50 million) over the 2020 export development budget and will be used to dire...

The Abu Dhabi Fund for Development (ADFD) Board of Directors approved the allocation of AED735 million ($200 million) for Abu Dhabi Exports Office (ADEX) to accommodate export financing that will help spur the growth of exports of UAE national companies. The 2021 budget allocation increased by 33.3%, with AED184 million ($50 million) over the 2020 export development budget and will be used to dire...

His Excellency Khalifa Al Qubaisi, Deputy Director General of Abu Dhabi Fund for Development, received at the Fund’s headquarters HE Zhaslan Madiyev, Deputy Chairman of the Agency for Strategic Planning and Reform of Kazakhstan. The meeting was attended by Mr. Rashed Al Kaabi, Director of Investment Department at ADFD and senior Kazakh government officials. They explored ways to develop the strate...

His Excellency Khalifa Al Qubaisi, Deputy Director General of Abu Dhabi Fund for Development, received at the Fund’s headquarters HE Zhaslan Madiyev, Deputy Chairman of the Agency for Strategic Planning and Reform of Kazakhstan. The meeting was attended by Mr. Rashed Al Kaabi, Director of Investment Department at ADFD and senior Kazakh government officials. They explored ways to develop the strate...

His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received today at the Fund headquarters His Excellency Abdoulaye Bio Tchane, Minister of State for Planning and Development of Benin. The meeting was attended by His Excellency Khalifa Al Qubaisi, Deputy Director General of ADFD.Discussions centred on relations between the UAE and Benin, as well ...

His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received today at the Fund headquarters His Excellency Abdoulaye Bio Tchane, Minister of State for Planning and Development of Benin. The meeting was attended by His Excellency Khalifa Al Qubaisi, Deputy Director General of ADFD.Discussions centred on relations between the UAE and Benin, as well ...

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), today signed an AED 22 million (US$6 million) loan agreement with the Egypt-based Emirati firm Jenaan Pipes & Irrigation Systems SAE. The funds will enable the company to import raw material from Borouge, a leading petrochemicals company, to manufacture and supply irrigation systems to one of th...

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), today signed an AED 22 million (US$6 million) loan agreement with the Egypt-based Emirati firm Jenaan Pipes & Irrigation Systems SAE. The funds will enable the company to import raw material from Borouge, a leading petrochemicals company, to manufacture and supply irrigation systems to one of th...

Abu Dhabi Fund for Development, the UAE's leading financial entity spearheading national and global development projects, has extended AED53 million in financing on preferential terms to Bloom Education, making the company one of the first beneficiaries of the Fund’s AED1 billion initiative launched last year. The drive was aimed at helping national companies operating in vital economic sectors. T...

Abu Dhabi Fund for Development, the UAE's leading financial entity spearheading national and global development projects, has extended AED53 million in financing on preferential terms to Bloom Education, making the company one of the first beneficiaries of the Fund’s AED1 billion initiative launched last year. The drive was aimed at helping national companies operating in vital economic sectors. T...

His Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, today inaugurated Mohammed bin Khalifa bin Salman Al Khalifa Specialist Cardiac Center in the Bahraini capital, Manama. The AED 735 million project has been financed by Abu Dhabi Fund for Development from an AED 9.1 billion (US$2.5 billion) grant given by the UAE to Bahrain in 2013 as part of the GCC Devel...

His Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, today inaugurated Mohammed bin Khalifa bin Salman Al Khalifa Specialist Cardiac Center in the Bahraini capital, Manama. The AED 735 million project has been financed by Abu Dhabi Fund for Development from an AED 9.1 billion (US$2.5 billion) grant given by the UAE to Bahrain in 2013 as part of the GCC Devel...

Abu Dhabi Fund for Development (ADFD) today signed three memoranda of understanding with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries.The first memorandum of understanding (MoU) involved the establishment of an investment company in Turkmenistan with a target capital of ...

Abu Dhabi Fund for Development (ADFD) today signed three memoranda of understanding with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries.The first memorandum of understanding (MoU) involved the establishment of an investment company in Turkmenistan with a target capital of ...