Abu Dhabi Fund for Development Discusses Collaboration Opportunities with Parliamentary Delegation from Senegal
⦁ His Excellency Mohammed Saif Al Suwaidi: Since 1978, ADFD has contributed AED240 million to facilitate five vital projects in Senegal’s agriculture, transportation sectors
⦁ Projects helped to stimulate economy, create jobs
Abu Dhabi-UAE: 08 September 2018 – Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-level parliamentary delegation from Senegal at its headquarters in Abu Dhabi to discuss sustained cooperation in achieving the development priorities of the Senegalese government.
His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, His Excellency Moustapha Niasse, President of the National Assembly of Senegal, His Excellency Jassim Abdullah Al Naqabi, Member of the Legislative and Legal Affairs and Human Rights Committee at the UAE Federal National Council (FNC), as well as senior representatives of the two sides attended the meeting.
The meeting explored opportunities for ADFD to support the development objectives of the West African nation, and examined the Fund’s wider role in financing socio-economic projects across Africa.
Welcoming the delegation, His Excellency Mohammed Saif Al Suwaidi said: “The UAE and Senegal have enjoyed strong bilateral ties for decades, and ADFD is proud to have played an instrumental role in enhancing these strategic relations.”
He added: “ADFD is committed to helping the Senegalese government achieve its sustainable development goals. Since 1978, the Fund has provided concessionary loans worth AED240 million to finance five vital projects in the agriculture, transportation and renewable energy sectors in Senegal.
“In addition to those sectors, the funds positively impacted related areas such as infrastructure, health, and water – thereby facilitating the Government of Senegal in achieving its socio-economic objectives. By creating job opportunities and stimulating the economy, they have improved the quality of life of the local population.”
About Abu Dhabi Fund for Development (ADFD)
Abu Dhabi Fund for Development is a national organisation owned by the Abu Dhabi government. Established in 1971, its purpose is to help emerging countries by providing concessionary loans to finance sustainable development projects alongside other long-term investments and direct contributions. In addition, the Fund manages government grants offered by the Abu Dhabi government and monitors the course of the relevant projects. To date, it has invested around AED83 billion in development projects across 88 countries.
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