News DeskAbu Dhabi, UAE – The Executive Committee of the Abu Dhabi Fund for Development (ADFD) held its first meeting of the year, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, Vice Chairman of the ADFD’s Board of Directors, and Chairman of the Executive Committee.
The meeting, conducted virtually, was attended by key figures including Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State; His Excellency Ahmed bin Ali Al Sayegh, Minister of State; His Excellency Fares Mohammed Al Mazrouei, Advisor to the Presidential Court, and His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD.
The committee discussed several topics, including project funding requests in developing countries, and took major decisions. Sheikh Abdullah bin Zayed highlighted the achievements of ADFD, attributing them to the continuous support and commitment of the President, His Highness Sheikh Mohammed bin Zayed Al Nahyan, and the diligent oversight of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of ADFD.
Sheikh Abdullah emphasized the role of the Fund in strengthening the national economy through enhancing UAE exports’ competitiveness in global markets. He noted that ADFD has been instrumental in supporting the national private sector to attain its strategic objectives and providing it with opportunities for local and global expansion. These efforts have significantly contributed to the growth of foreign trade and the advancement of companies’ businesses in the UAE, driving the development of a diversified and sustainable economy.
His Excellency Mohamed Saif Al Suwaidi expressed his gratitude to Sheikh Abdullah for supporting the Fund’s efforts and enabling it to strategically expand its main operational activities. This has contributed to the growth of the national economy as well as those of developing countries.
Al Suwaidi highlighted that ADFD had significantly accelerated its development and investment activities in recent years. The combined sum of development financing and diverse investments has surpassed AED216 billion, benefiting 106 countries across continents. These contributions have been instrumental in upholding the UAE’s status as the foremost contributor to global development assistance.
