Abu Dhabi Fund for Development celebrates milestones on 51st anniversary

Abu Dhabi Fund for Development celebrates milestones on 51st anniversary

- Fund’s total loans, investments and deposits stand at AED 185.2 billion

Abu Dhabi - Since its establishment in 1971, Abu Dhabi Fund for Development has been on a mission to drive development in various fields; it has achieved many milestones for the UAE, enabling the country to raise its global status, thanks to the patronage of the leadership. The national vision has been the guiding principle for ADFD as it helped developing countries to strengthen their economies, while also supporting the national economy and enhancing its global competitiveness.

The strong positive impact achieved until June 2022 underscores the fast-paced growth of ADFD’s development & investment activities. The fund has provided soft loans to developing countries worth AED 58.12 billion and disbursed AED 59.30 billion government grants. Its total allocation of funds for development projects stands at AED 117.42 billion, which benefited 103 countries in different continents.

The Fund has invested AED 11.7 billion in multiple sectors through six financial tools. It has invested in 14 strategic companies, while the geographical area of investment encompassed 23 countries. Additionally, ADFD has deposited money in the central banks of some countries to support them stabilize foreign-currency reserves. The total amount of these deposits is AED