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On the occasion of the 50th anniversary of the Abu Dhabi Development Fund (ADFD), ministers and other government officials pointed out that the UAE has made effective contributions to supporting developing countries in implementing the 2030 Agenda for Sustainable Development. In this context, they emphasized the key role of ADFD in establishing the UAE as the world’s largest donor of development assistance (relative to national income) by funding a series of pioneering initiatives and projects around the world.
Officials attribute the historical achievements of the fund in the past five years to the wisdom and future-oriented vision of the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan, and the President of the UAE Sheikh Khalifa The support of His Highness Bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince and Deputy Supreme Commander of Abu Dhabi. UAE Armed Forces.
They pointed out that with the support of the wise leadership of the UAE, ADFD has become one of the most famous development institutions in the world and an important contributor to building the economies of developing countries and strengthening the UAE’s global economic partnership.
Through its development and investment activities, the fund has funded thousands of strategic projects and achieved sustainable socio-economic growth in 97 countries around the world, and its development funds and investment have doubled to approximately 150 billion dirhams .
Promote sustainable development in all sectors
His Excellency Ahmed Juma Al Zaabi, Minister of Affairs of the Federal Supreme Council, congratulated ADFD on its 50th anniversary. He said: “The golden jubilee of the fund coincides with the celebration of the 50th anniversary of Sheikh Zayed and his brother UAE. Founder of the alliance. Sheikh Ha His Highness Lifa bin Zayed Al Nahyan continued the path set by the leaders for our country, which enabled the country to achieve outstanding achievements in all important fields and strengthened its prestigious global position.”
He added: “Under the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the ADFD Board of Directors, the fund is committed to conveying the unity of the UAE to the world. It has made great progress in supporting the economies of developing countries by financing and investing in pioneering development projects.”
His Excellency Ahmed Juma Al Zaabi pointed out that the UAE follows the instructions of its wise leadership to help all brotherly and friendly countries achieve the Sustainable Development Goals (SDG), which will help improve people’s lives and strengthen the country’s status as a major donor country. International development assistance.
International Cooperation Ambassador
His Excellency Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, said: “Since its establishment, ADFD has been one of the world’s leading institutions for the overall sustainable development of developing countries, and one of the most important pillars of UAE diplomacy. Cooperative Ambassador. In its five decades of existence, the fund has been working with the highest efficiency and sense of responsibility, and has highlighted the effective role of the UAE on the international stage.”
She added: “ADFD’s projects and programs will also help achieve the Millennium Development Goals by 2015. In addition to projects implemented in cooperation with beneficiary governments, the fund will continue to support the Sustainable Development Goals and the 2030 Agenda for Sustainable Development. , And cooperation with local, regional and global institutions and funds related to international development financing.”
His Excellency Reem bint Ebrahim Al Hashimy pointed out that ADFD has adopted a diversified investment strategy, which has played an important role in promoting the economy of the UAE and many developing countries.
Promote economic development
His Excellency Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure said: “ADFD promotes local and global economic development by financing projects and promoting investment partnerships. The fund also cooperates with international institutions to assist in the implementation of Abu Dhabi and wider The UAE supports the policies of infrastructure, energy, education and healthcare development plans. In addition, it promotes the use of locally made products in its projects through the Abu Dhabi Export Office (ADEX), which plays a key role in strengthening the national economy. “
He expressed his expectation that ADFD will continue to provide assistance in the next 50 years and support the development assistance policy pursued by the wise leaders of the UAE through its innovative strategy.
Addressing the challenge of climate change
His Excellency Dr. Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, said: “For fifty years, ADFD has been an indispensable part of the UAE’s global development process. It has become the funding and implementation of projects aimed at improving living standards in developing countries. Important supporter. The fund actively participates in the UAE’s efforts to address the challenges of climate change by promoting the deployment of renewable energy solutions in developing countries.”
Promoter and catalyst of the national economy
His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said: “ADFD’s pioneering achievements in the past five years clearly demonstrate the wisdom and vision of Sheikh Zayed bin Sultan Al Nahyan. As a landmark national entity, ADFD continues to support the world Sustainable development.
“Sustainable development has always been at the core of the UAE’s policy and is a unique example of its commitment to sustainable development goals. ADFD leads important development plans that help promote economic growth in developing countries and achieve their development goals, thereby enabling the UAE Become a global leader in development and humanitarian aid providers.
“Today, the fund plays a key role as a promoter and catalyst of the national economy and a supporter of local industry through its plans and initiatives aimed at financing UAE exports, improving competitiveness and multiplying its contribution to the country’s GDP. With the launch of the new strategy of the Ministry of Industry and Advanced Technology, the UAE will become a regional and global advanced industrial center while achieving the country’s development goals for the next 50 years and beyond,” he added.
improve the quality of life
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said: “For fifty years, ADFD has supported the vision of the UAE and its wise leadership to assist developing countries in achieving sustainable development, improving the quality of life, increasing income, promoting progress and Prosperity. The fund has directed its financing and investment to the infrastructure, education, healthcare, housing, energy, and transportation sectors of beneficiary countries. Its projects have had a significant impact on the economic development of 97 countries around the world.”
He added: “ADFD also helps to strengthen trade and economic partnerships, while expanding the scope of local companies, and by providing unique financial products and services that enable them to enter new markets and provide foreign investors with strong export opportunities. In order to increase the number of foreign trade. This strengthens the positioning of UAE products in various countries and is in line with the country’s economic diversification policy.
He pointed out that the fund has also been the main driving force of the national economy, which can improve its performance, enhance competitiveness and promote its diversification.
Consolidate the UAE’s position on the global stage
His Excellency Ahmed bin Ali Sayeg, Minister of State, stated that ADFD has played a key role in helping developing countries achieve sustainable socio-economic growth through the establishment of fruitful partnerships.
He added: “The success of the fund in improving living standards and promoting global development has consolidated the UAE’s position as a major player in the international aid community. We believe that as our country steadily moves towards its strategic goals, the importance of ADFD Will continue to grow. Promote inclusive and sustainable development globally.”
Strengthening the role of the private sector
His Excellency Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry (Abu Dhabi Chamber of Commerce) said: “ADFD is a firm supporter of the UAE’s policy of promoting social and economic growth in developing countries. Projects that contribute to sustainable development at the local, regional and global levels.”
He praised ADFD for the launch of ADEX, a pioneering economic entity that has made achievements in promoting the diversification of the UAE’s economy, reducing its dependence on oil as a source of income, improving the country’s export competitiveness in foreign markets, and consolidating the country’s position in the UAE A qualitative leap. Global trade map.
The Abu Dhabi Chamber of Commerce is the first company to sign a cooperation agreement with ADEX, aiming to assist domestic companies in their export activities.
Support economic diversification policies
Supporting the national economy and improving its competitiveness are ADFD’s strategic goals within the framework of the UAE’s economic diversification policy, and it is also one of the pillars of the country’s pioneering economic model. In the past few years, the fund has launched a number of initiatives and developed new tools to promote national economic growth by strengthening the role of the private sector as an effective strategic partner in the development process. One of the main tools is to expand the scope of work of domestic companies so that they can develop and implement projects in countries that benefit from ADFD financing. The fund also uses its partnerships and initiatives to improve the position of these companies and create investment opportunities for them on a global scale.
Advancing the global energy transition
His Excellency Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) said: “ADFD has played a key role in achieving positive socio-economic results that support sustainable development. Within the framework of the IRENA/ADFD project fund, the fund has US$350 million was allocated for projects that provide clean energy to more than 4 million people in 26 countries. Each project has a significant impact on the lives of people and communities.”
He added: “As a global renewable energy financing center, the UAE seeks to lead the global energy transition and direct capital to establish a low-carbon energy system. These ambitions support IRENA’s mission to accelerate the energy transition to achieve sustainable development in this century. Goals and achieve climate goals by the middle of this century. The synergy between our two institutions is a model for future cooperation and aims to provide strong support to the countries that need it most.”
Renewable energy solutions
In cooperation with IRENA, the fund launched the $350 million ADFD/IRENA project fund to support renewable energy projects that comply with the UAE’s policy of promoting clean energy deployment and accelerating the global transition to renewable energy. The initiative has achieved significant and large-scale results, enabling developing countries to use renewable energy, thereby reducing harmful greenhouse gas emissions, which are the main cause of climate change. In addition, the fund has contributed to support financing initiatives for clean energy projects worth US$100 million in 27 Pacific and Caribbean countries.
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