UAE’s ADFD completes $544mn funding for global water projects

UAE’s ADFD completes $544mn funding for global water projects

UAE’s leading financial entity, Abu Dhabi Fund for Development (ADFD) has provided a total of $544.2 million (AED 2 billion) in funding for various water projects around the world, which contributed to the growth of agriculture, industry, and energy in 18 countries.

ADFD’s commitment to supporting UN efforts to achieve the Sustainable Development Goals (SDGs) is reflected in its emphasis on water, especially SDG6, which aims to ensure clean water and sanitation for all.

In a report published on World Water Day, ADFD stated that the dams and water networks built with its financing in various countries have enabled their populations to access clean drinking water. ADFD has also helped to reclaim vast tracts of agricultural land in partner countries, improve crop quality and ensure food security.

The theme of this year’s World Water Day is groundwater. The fact that more than 2 billion people in the world do not have access to safe drinking water services, the World Water Day underscores the need for strong action to address the global water crisis.

Approximately 40 percent of the total amount of water used for irrigation is derived from groundwater aquifers, ADFD added.

ADFD Director General, Mr. Mohamed Saif Al Suwaidi stated that “From the very