Abdullah bin Zayed chairs the meeting of the Executive Committee of the Abu Dhabi Fund for Development
ABU DHABI, 6 April, 2017 (WAM) – The Executive Committee of the Abu Dhabi Fund for Development held its first meeting for the year 2024, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, Vice Chairman of the Fund’s Board of Directors, and Chairman of the Committee, via video communication technology.
The meeting was attended by His Excellency Sheikh Shakhbut bin Nahyan Al Nahyan, Minister of State, His Excellency Ahmed bin Ali Al Sayegh, Minister of State, His Excellency Faris Mohammed Al Mazrouei, Advisor to the Presidential Office, members of the Executive Committee, and His Excellency Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development.
During the meeting, His Highness was briefed on the latest developments in the Fund’s activity, in addition to discussing the topics on the agenda, reviewing funding requests for development projects in developing countries, and taking appropriate decisions regarding them.
His Highness Sheikh Abdullah bin Zayed Al Nahyan said during the meeting: “The pioneering achievements achieved by the Abu Dhabi Fund for Development came thanks to the continuous support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy President of the State, Deputy Prime Minister, Head of the Presidential Court, Chairman of the Board of Directors of the Abu Dhabi Fund for Development, which contributed to strengthening the efforts of the United Arab Emirates to be a leading global model in the field of development work so that the communities of developing countries enjoy development and prosperity.
His Highness pointed out the important role played by the Fund in supporting the national economy by enhancing the competitiveness of UAE exports in their access to global markets, in addition to supporting the national private sector to achieve its strategic goals and giving it promising opportunities to grow its activities locally and globally, which contributed to the growth of foreign trade and the development of companies’ businesses. UAE and building a diversified and sustainable economy.”
For his part, His Excellency Mohammed Saif Al Suwaidi extended his thanks and appreciation to His Highness the Chairman of the Executive Committee for supporting the Fund’s efforts and enabling it to strategically expand its main operational activities, which contributed to the growth of the economies of developing countries and the national economy.
His Excellency stressed that the Fund’s activity has doubled thanks to the support of the wise leadership, bringing the cumulative total of development financing and diversified investments to more than 216 billion dirhams, from which 106 countries in various continents of the world have benefited and at the same time contributed to maintaining the UAE’s position and position as the largest donor country for development aid. At the global level.
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