adfd extends funding of aed184 million to the maldives
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ADFD extends funding of AED18.4 million to the Maldives

Arab Today, arab today

Arab Today, arab today ADFD extends funding of AED18.4 million to the Maldives

ADFD extends funding of AED18.4 million to the Maldives
Abu Dhabi - WAM

Abu Dhabi Fund for Development, ADFD, has announced the extension of an Abu Dhabi government grant worth AED18.4 million to the Maldivian government.

The grant seeks to support the balance of payments in the Maldives, improve the overall economic situation in the country, and aid the Maldivian government in achieving its development plans.

Mohammed Saif Al Suwaidi, Director-General of ADFD, and Dr. Hussain Niyaz, Maldivian Ambassador to the UAE, signed a Memorandum of Understanding outlining the terms of the collaboration at ADFD’s headquarters in Abu Dhabi. ADFD’s senior management and several high-ranking Maldivian officials were also present at the signing.

Highlighting the keenness of the UAE's wise leadership to provide development aid where it is needed most, Mohammed Al Suwaidi said, "The grant re-affirms our nation’s dedication to supporting developing countries and helping them overcome their most pressing economic challenges. The funds are earmarked to finance key projects that will boost sustainable development in the Maldives."

"ADFD is proud of our four-decade-long association with the government of the Maldives. The Fund is determined to continue the collaboration through financing infrastructure projects and economic reform programmes that will elevate living standards in the island country and stimulate the growth of key economic sectors," he added.

Dr. Niyaz praised the UAE’s role in assisting developing countries in achieving their strategic growth objectives. He added that with the help of ADFD’s financial assistance, the Maldives was well on track to achieving its sustainability outcomes.

Since 1976, ADFD has financed infrastructure, telecommunications, transport, housing and energy projects in the Maldives valued at more than AED109 million.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adfd extends funding of aed184 million to the maldives adfd extends funding of aed184 million to the maldives

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adfd extends funding of aed184 million to the maldives adfd extends funding of aed184 million to the maldives

 



GMT 20:53 2018 Monday ,22 October

PM Imran Khan to leave for Saudi Arabia today

GMT 08:20 2018 Tuesday ,16 January

Lamborghini races to new sales record

GMT 00:19 2017 Wednesday ,13 December

Switzerland chainsaw attack: 5 hurt in Schaffhausen

GMT 09:51 2017 Tuesday ,07 November

Broadcom makes $130 bn mega-bid

GMT 20:53 2017 Tuesday ,07 March

Syrian forces retake Aleppo water-pumping station

GMT 11:15 2017 Monday ,01 May

Hanan Metawe reveals details of her accident

GMT 03:07 2017 Monday ,27 March

Bulgaria's Borisov bounces back again

GMT 22:18 2017 Thursday ,16 November

Hariri to arrive in France Saturday to meet Macron

GMT 06:43 2017 Monday ,13 February

Pakistan retaliates after US denies politician visa

GMT 07:49 2017 Tuesday ,28 November

Hussein Fahmy underlines financial sources
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday