Abu Dhabi development fund sees financing, investments cross Dhs189.7bn in 2022

Abu Dhabi development fund sees financing, investments cross Dhs189.7bn in 2022

The Abu Dhabi Fund for Development (ADFD) has achieved major milestones related to its financing and investments, which totalled more than Dhs189.7bn last year. These investments benefitted 104 nations across continents, according to the fund’s annual report 2022. According to the report, the total investment reached Dhs12.58bn across seven investment instruments. The investments have been made in key sectors such as industry, tourism, agriculture and services, according to a report published by the state news agency, . Through these investments, has contributed towards the economic stability of the beneficiary nations. So far, the fund has invested in 15 companies. Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of Presidential Court and chairman of the fund’s Board of Directors, stated in the report that:”’With relentless efforts and unwavering commitment, ADFD has achieved remarkable successes that have cemented the UAE’s position as a global leader and role model for development. We are proud to have brought about societal regeneration across developing countries, driven economic growth, and improved the quality of life. ADFD has also played a vital role locally, through a comprehensive strategy that supports the UAE government’s ambitious vision for the national economy’s growth and sustainability.” He