AED 189 billion in financing and investments of Abu Dhabi Development Company by the end of 2022

Mansour bin Zayed: The UAE has made exceptional achievements in global development work

The total financing and investments of the Abu Dhabi Fund for Development (ADFD) by the end of last year amounted to AED 189 billion, distributed over 104 countries, while the Fund provided five loans during 2022, with a total value of AED 2.56 billion, benefiting five countries: Bahrain, Jordan, Argentina, Nigeria and Uzbekistan.

The Fund's annual report issued yesterday indicated that the funded projects focused on supporting the infrastructure sectors of partner countries, and stimulating economic development to achieve sustainable development.

H.H. Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Minister of the Presidential Court and Chairman of the Board of Directors of the Abu Dhabi Fund for Development, said in a speech at the introduction to the report: "The UAE has made exceptional achievements in global development work, based on solid principles adopted by our wise leadership since the era of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, who laid the basic pillars of the UAE's development assistance policy, aimed at supporting the international community. His Highness added: "We are following the same path under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE."

His Highness Sheikh Mansour bin Zayed Al Nahyan continued: "Over five decades of tireless efforts and continuous work, the Fund has been able to achieve remarkable qualitative achievements, which contributed to the UAE's leadership and the consolidation of its position as a leading global model in the field of development work."

He said: "We are proud of those successes, whose effects have been reflected in the renaissance of societies in developing countries, the development of their economic sectors, and the improvement of their quality of life."