The Abu Dhabi Fund for Development (ADFD) has announced that its total development financing reached AED 216.5 billion by the end of 2023. This funding has supported economic and social advancement across 107 countries, underscoring the UAE’s long-standing commitment to sustainable development worldwide.
Since its inception in 1971, ADFD has financed crucial projects in key sectors including energy, transport, education, healthcare, and agriculture. These initiatives have played a vital role in helping partner nations strengthen their infrastructure and improve overall quality of life.
The Fund operates in line with the UAE leadership’s vision, which focuses on bolstering international cooperation and fostering global economic resilience. Through these efforts, ADFD has cultivated strong ties with governments and development institutions around the world.
His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD, highlighted that the Fund’s progress reflects the UAE’s strategic approach to global development. He noted that the financing initiatives have significantly contributed to driving inclusive growth and improving stability in developing regions.
ADFD also supports the UAE’s private sector by providing financing and guarantees to encourage companies to expand internationally. This approach aims to enhance the competitiveness of national firms while contributing to development goals in partner countries.
