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UAE’s ADFD supports $326.7m worth of projects in Afghanistan

ADFD has awarded Afghanistan grants and loans amounting to $326.7m (AED1.2bn), which has been used to support 18 development projects in sectors like housing and transport

ADFD has supported 18 development projects in Afghanistan [representational image].
ADFD has supported 18 development projects in Afghanistan [representational image].

The Abu Dhabi Fund for Development (ADFD) has awarded grants and loans amounting to $326.7m (AED1.2bn) to Afghanistan, it has been revealed.

The financial endowment has reportedly been used to support 18 development projects in various sectors, including agriculture, housing, energy, transport, industry, and health.

Citing an ADFD country report marking Afghanistan’s Independence Day on 19 August, UAE state news agency, WAM, noted that the focus of the 18 projects has been promoting economic growth and elevated living standards in the country.

Mohammed Saif Al Suwaidi, director general of ADFD, commented: "Our nation’s founding father, the late Sheikh Zayed bin Sultan Al Nahyan, laid the foundation for the UAE’s deep rooted cooperation with Afghanistan.

“Today, under the leadership of President HH Sheikh Khalifa bin Zayed Al Nahyan, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, our country remains committed to continuing and further enhancing ties with Afghanistan."

He continued: "The Fund is currently a key partner of the Afghan government in advancing and supporting sustainable economic and social development across that country.”

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Construction Week - Issue 747
Aug 03, 2019