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Abu Dhabi funding of Afghanistan projects hits $326m

ABU DHABI, August 19, 2017

Abu Dhabi Fund for Development (ADFD) has allocated to date Dh1.2 billion ($326 million) in Abu Dhabi government grants and concessionary loans to 18 development projects in Afghanistan.

The funding spans crucial sectors, such as agriculture, housing, energy, transport, industry and health as well as social services.

ADFD’s country report marking Afghanistan’s Independence Day on August 19 stated that the 18 sustainable development projects have prioritised ongoing economic growth and elevated living standards in the country.

On the 98th anniversary of Afghanistan’s national holiday, Mohammed Saif Al Suwaidi, director general of ADFD, said: “Under the strategic guidance and counsel of Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and chairman of Abu Dhabi Fund for Development’s Board of Directors, the Fund is currently a key partner of the Afghan government in advancing and supporting sustainable economic and social development across that country.”

“In cooperation with regional and international institutions, ADFD is proud to spearhead this noble march to extend financial assistance for the greater good of the Afghan people. Over a time span of four decades, the Fund has significantly contributed to Afghan society through investments in sustainable infrastructure projects that benefit all citizens,” he added.

Some of the key projects funded by ADFD in Afghanistan include Kabul infrastructure expansion and rehabilitation works (Phase I & II), Mazar-e Sharif International Airport rehabilitation works, housing units in Al Qasaba District in Kabul, Baghlan sugar factory, Sheikh Zayed University in Khost Province and cooperation with the Standing Committee for Humanitarian and Development Aid in Afghanistan. – TradeArabia News Service

Tags: Afghanistan | ADFD | Abu Dhabi Fund for Development |

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