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ADFD was established in 1971 in order to manage the foreign aid programs of the United Arab Emirates. Since its founding until 2014, the fund disbursed AED22.5 billion in loans and AED39.8 billion in grants. Grants are funded by the government of Abu Dhabi but managed by the ADFD. [2]
Foreign aid first began with one of the oldest development agencies in the UAE, called Abu Dhabi Fund for Development, founded in 1971.Abu Dhabi Fund for Development (ADFD) assists countries through economic support in the form of concessionary loans to reach sustainable socio-economic progress.
The Abu Dhabi Developmental Holding Company PJSC (Arabic: شركة أبوظبي التنموية القابضة ش.م.ع), branded ADQ since 2020, is a significant sovereign wealth fund based in Abu Dhabi. It was established in 2018 as a comparatively low-profile state-owned entity, acronymized ADDH at the time.
On June 10, 2021, the Abu Dhabi Fund for Development [8] [9] [10] allocated a $75 million loan for the construction of the airport in Jebel, Balkan Region. [11] The loan, provided to State Bank for Foreign Economic Affairs of Turkmenistan, has a 15-year term, including a 3-year grace period, with an interest rate of 4% per annum. [12]
Abdullah bin Zayed was born in Abu Dhabi on 30 April 1972. He holds a degree in political science from UAE University.He is married to Alyazia bint Saif Al Nahyan, who became an FAO Goodwill Ambassador extraordinary in 2010, [4] and has five children: Fatima, Mohammad, Zayed, Saif and Theyab.
Abu Dhabi Fund for Development provided funding through UAE-Bangladesh Investment Company Limited to various development projects in Bangladesh such as Chittagong Urea Fertilizer Limited, Shikalbaha Power Station, South Asia Subregional Economic Cooperation Road Connectivity Project, Teesta irrigation project, etc. [13] Ashadul Islam is the ...
Dates processing Plant in year 2022 Panjgur Pakistan begins production with United Arab Emirates assistance [4] funded by the Abu Dhabi Fund for Development (ADFD) at a cost of $6.36 million. The project area is 5,710 square metres, and produces over 32,000 tonnes per day. [5] [6] [7]
SFD also collaborates with regional development partners such as the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA), the Abu Dhabi Fund for Development (ADFD), the Kuwait Fund for Arab Economic Development (FKDEA), the OPEC Fund for International Development (OFID), the ECOWAS Investment and Development ...