Abu Dhabi Allocates $9.5 Million to Fund Development Projects in Comoros
- Date: 22-Jun-2021
- Source: Al Bawaba
- Sector:Financial Markets
- Country:UAE
Abu Dhabi Allocates $9.5 Million to Fund Development Projects in Comoros
The Abu Dhabi Fund for Development (ADFD) has allocated 35 million dirhams ($9.5 million) to support the UAE's ongoing development efforts in the African island-nation Comoros.
The fund will be used in key projects in education, health, and agriculture, state news agency WAM reported, under the “Mother of the Nation” development program, led by the Emirates Red Crescent (ERC).
About 4.5 million dirhams will fund a garment manufacturing unit to provide a livelihood to families in the island; 10 million dirhams will be used to build a student dormitory; and 13 million for two women and children-focused health centers.
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