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ABU DHABI, 16th December, 2022 (WAM) — The Executive Committee of the Abu Dhabi Fund for Development, ADFD, held its first meeting of 2022, chaired by H.H. Sheikh Abdullah Binh, Deputy Minister of Foreign Affairs and International Cooperation. · His Highness Zayed Al Nahyan chairs ADFD as Chairman of the Board and Chairman of the Executive Committee.
The virtual meeting was attended by Ahmed Ali Al Sayegh, Minister of State, Faris Mohammed Al Mazrouei, Adviser to the Presidency, Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, Dr. Alyazia Ali Al Kuwaiti, Executive Director of the Ministry of Energy, Executive Committee Members of Mubadala Investment Corporation and ADFD Director-General Mohamed Saif Al Suwaidi.
A number of topics were discussed during the meeting, including requests for financing development projects in developing countries, and appropriate decisions were taken.
During the meeting, Sheikh Abdullah praised the achievements of the fund and its leading role in promoting economic development in developing countries and stimulating various productive sectors, as well as its effective role in supporting the UAE’s national economy.
He emphasized the importance of continuing the development process and supporting the international community in achieving its development goals and plans in accordance with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in order to maintain the UAE’s prominence, enabling it to Become a developed country to carry out development work at the regional and international levels.
ADFD Director-General Al Suwaidi expressed his gratitude to HH Sheikh Abdullah and all members for supporting the Fund’s activities and its role in promoting local and global economic development, stressing that the Fund’s achievements are due to the direction of wise leadership.
He said: “The activity of development and investment funds has seen a significant increase in the last period. The figures and results achieved until November 2022 show an increase in the value of financing, as the value of financing is about AED180 billion, benefiting the world 103 countries on all continents.”
“Furthermore, the fund’s total investment of AED 12 billion has benefited 23 countries, in addition to the fact that the Abu Dhabi Export Office has achieved substantial results in supporting the national economy and diversification as it provided AED 631 million in financing, which helps support UAE companies and develop the country’s exports in global markets,” Al Suwaidi added.
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