ADFD key contributor to Arab countries' economic progress

The Abu Dhabi Fund for Development (ADFD) has reinforced its position as one of the most prominent contributors in supporting economic and social progresses efforts in Arab countries, financing strategic projects that promote stability, drive growth and enhance quality of life, underscoring the UAE's steadfast commitment to its Arab neighbours.

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In recent years, the fund has broadened its engagement across the Arab region, translating its mission into tangible projects in vital sectors such as healthcare, energy and infrastructure, areas that are fundamental to the stability and future of communities. Each project represents a solid step forward in the path to comprehensive development.

According to its 2024 Annual Report, ADFD's cumulative development financing reached Dhs216.5 billion, benefiting 107 countries across various continents. This total comprises Dhs157 billion in concessional loans, Dhs57.6 billion in government grants, and AED1.9 billion in direct contributions.

In statements to the Emirates News Agency (WAM), the Fund said that in 2024 it managed six UAE government grants to Arab nations worth a combined Dhs810 million, benefiting Jordan, Morocco, Yemen and Mauritania.

Jordan received more than Dhs452 million for three key projects: a national digital health transformation programme, budget support, and area readings skills development programme. Morocco was allocated Dhs199 million for the expansion of the Oued Akrach - Ain Aouda Road, Yemen received Dhs45 million for a solar power project in Socotra, and Mauritania was granted Dhs184 million for the Applied Sciences College.