ADFD launches 'Abu Dhabi Global Water Platform' with value of $2b

Abu Dhabi Fund for Development (ADFD) announced the launch of the "Abu Dhabi Global Water Platform", a strategic initiative designed to accelerate impactful development projects, unlock new investment opportunities, and support innovative solutions that advance the global water sector.

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The platform aims to mobilise $2 billion (Dhs7.34 billion) from local and international financing institutions. ADFD will allocate an initial phase of $1 billion (Dhs3.67 billion) over five years, from 2026 to 2030, targeting approximately IO million beneficiaries worldwide.

The Abu Dhabi Global Water platform aims to strengthen water and food security in developing countries, enable communities to access clean and safe water, and champion pioneering technologies and innovative solutions for water resource management.

It will also foster strategic partnerships to enhance collaboration and co-financing, support environmental sustainability, and improve quality of life, reinforcing the UAE's leadership in global development.

The initiative aligns with the United Nations' Sustainable Development Goal 6 on clean water and sanitation, which aims to ensure access to clean water across communities and promotes inclusive and resilient development worldwide.

Mohamed Saif Al Suwaidi, ADFD Director-General, said that the launch of the initiative reflects ADFD's commitment to the visionary directives of the UAE leadership in addressing global development challenges.

"This initiative stands as a key pillar of our 2030 strategy, reinforcing our mandate to deliver sustainable, high-impact solutions. Through this platform, we aim to strengthen our engagement with the international community to secure essential resources for future generations," he said.