UAE’s ADFD & ADEX sign pacts to fund water supply network project in Bahrain

UAE’s ADFD & ADEX sign pacts to fund water supply network project in Bahrain

Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX) have signed two loan agreements with the Electricity and Water Authority in Bahrain in order to finance a water supply network project.

Under the agreements, ADFD has committed to provide a loan of $41 million (AED150.6 million), and ADEX to provide a loan of $50.9 million (AED187.32 million).

The project intends to enhance the capacity of the water transmission networks within the second phase of Al Dour station to 50 million gallons to ensure reserves of at least three days’ consumption average to cater to the everyday needs of the residents.

According to the statement, “Apart from drinking water supply, the station will serve construction, investment, and industrial projects, thereby supporting Bahrain’s Electricity and Water Authority’s water strategy until 2030, which aligns with the United Nations’ sustainable development goals (SDGs).”

HE Yasser bin Ibrahim Humaidan, Bahrain’s Minister of Electricity and Water Affairs said that, “The cooperation between the two countries in various fields articulates the desire of the wise leadership in both countries to support common interests and advance bilateral relations. The two loan agreements will enable Bahrain to achieve a high-quality infrastructure that ensures the sustainability of water resources. This