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Home / NEWS / ADFD breaks ground $9m Seychelles housing project

ADFD breaks ground $9m Seychelles housing project

by Paromita Dey on Aug 2, 2015


The project comprises of housing units as well as the associated infrastructure
The project comprises of housing units as well as the associated infrastructure

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Abu Dhabi Fund for Development (ADFD) broke ground on a social housing project in Seychelles hosted by the Government of Seychelles.

Located in Mahé Island, one of the largest islands of the Republic of Seychelles, the project is funded by a $9m (AED33m) contributory grant administered by ADFD on behalf of the UAE Government.

The project comprises of housing units as well as the associated infrastructure including electricity grids, water and sanitation networks, roads and parks.

ADFD managed on behalf of the UAE Government the construction of nearly 106 housing units spread across three residential areas in Barbaron, Bill Amber and Takamaka in Mahé Island, the largest in the Seychelles archipelago and home to the majority of its population. The first phase covers Barbaron and Takamaka.

The funding articulates ADFD’s priority to support infrastructure projects in developing countries as a prerequisite for growth and economic development.

Of the sectors supported, the housing sector is a major recipient of foreign assistance given its role in empowering local communities to contribute towards the development process. Accounting for 12% of the total share, the housing sector ranks second in terms of ADFD’s funding activities, and has received $2bn (AED7.6bn) so far allocated towards 42 development projects.

Adel Abdulla al Hosani, director of operations department, ADFD, said: “The contribution of the UAE to the social housing project in Seychelles reflects the country’s commitment to supporting economic development in Seychelles and providing excellent housing services to its citizens through financing infrastructure projects in the country.”

Al Hosani added: “The UAE will continue to support the Government of Seychelles in implementing infrastructure projects and economic reform programs to improve the living standards of its citizens. To this end, ADFD has undertaken several major development projects that serve key economic and social sectors, while contributing to the sustainable development of the country.”

 



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