Abu Dhabi-based Global Mission sets up a $17bn fund to attain SDGs

Abu Dhabi-based Global Mission sets up a $17bn fund to attain SDGs

Abu Dhabi-based non-profit, Global Mission has collaborated with its international partners to set up a $17 billion fund to help achieve the United Nations’ 17 Sustainable Development Goals (SDGs) across the globe.

“This ‘Global Fund for Sustainable Development’ is the most ambitious SDG-fund worldwide. Based in Abu Dhabi Global Market (ADGM), the fund targets to raise $17 billion, and $1 billion each will be allocated for each SDG,” said Mr. Mohamad Elsamad, the executive director of Operation and Administration at Global Mission.

According to Mr. Elsamad, the Global Mission, chaired by Mr. Khalid Al Mutawa, has been working hard with international stakeholders like the UN, governments, non-governmental organizations, and other parties ever since it was founded in 2017 at Masdar City in Abu Dhabi.

“After overcoming certain hurdles such as the global pandemic, on September 25, the birthdate of SDGs that is called ‘action day’, we were able to constitute a committee to oversee this ambitious fund,” Mr. Elsamad shared.

The committee, chaired by Mr. Elsamad, comprises representatives of many global stakeholders that work towards achieving the SDGs.

The 17 SDGs are an urgent call for action by all countries in a global partnership, as part of the 2030 Agenda for Sustainable Development, adopted by