UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) injected development financing totaling AED 216.50 billion by the end of 2024, benefitting 107 countries across various continents.
This total comprises AED 157 billion in concessional loans, AED 57.60 billion in government grants, and AED 1.90 billion in direct contributions.
The financing backed strategic projects in major sectors, including renewable energy, infrastructure, transportation, education, technology, and water security.
ADFD published its 2024 annual report, highlighting its vital role in supporting global sustainable development and improving the quality of life for communities worldwide.
The report reflected its contributions to key national agendas, including the UAE Export Development Policy, UAE Centennial 2071, and Abu Dhabi Economic Vision 2030.
These efforts align with Abu Dhabi Exports Office's (ADEX) goals to bolster the global competitiveness of the UAE’s industrial sector.
ADEX, part of ADFD, allocated AED 4 billion in financing by the end of 2024 to support UAE national exports, facilitating access to over 40 global markets.
ADFD also supported the UAE private sector through AED 6 billion in financing, which benefited 19 Emirati companies implementing strategic projects across 8 countries.
The fund witnessed robust growth, with total investments hitting AED 12.20 billion across 22 countries.
Sheikh Mansour bin Zayed Al Nahyan, Chairman of ADFD, said: “Based on its strategic vision, the Fund seeks to expand its operational activities and innovate sustainable solutions that contribute to the development of partner countries. It also continues supporting the national economy by providing innovative financing tools that empower UAE companies to expand and reach new markets.”
Sheikh Abdullah bin Zayed Al Nahyan, Vice Chairman of ADFD, commented: “In addition to the sustainable development impact the Fund has achieved globally, it continues to play a vital role in supporting the national economy by enhancing UAE exports and developing the capabilities of local companies to compete in global markets.”
