Abu Dhabi Fund Earmarks Dh184m for Development Projects in Comoros
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Thursday, January 31, 2019
Education, Other Education, Energy, Utilities, Urban planning, Environment, Construction & Property, Countries, Member states of the Arab League, Member states of the Organisation of Islamic Cooperation, Member states of the United Nations, Geography of Asia, International organizations, Abu Dhabi Fund for Development, Comoros, United Arab Emirates, Abu Dhabi
The Abu Dhabi Fund for Development (ADFD)today formalized a Memorandum of Understanding (MoU) with the Government of the Comoros, which stipulates that the ADFD will offer AED 184 million (US$50 million) to fund the Comorian government's various development programs and projects.
Key Points:
- The Abu Dhabi Fund for Development (ADFD)today formalized a Memorandum of Understanding (MoU) with the Government of the Comoros, which stipulates that the ADFD will offer AED 184 million (US$50 million) to fund the Comorian government's various development programs and projects.
- The signing ceremony took place on the sidelines of the UAE delegation visitto Comoros Capital city Moroni, to discuss ways to promote bilateral cooperation between the two countries, in all areas related to economic, trade, investment and development.
- Eng.Suhail MohamedFarajAl Mazrouei, UAE Minister of Energy&Industry and head of the UAE delegation said: The MoU is part of the UAE wise leaderships directives to finance vital development projects in Comoros and support the Comoros government in its efforts to achieve sustainable social and economic development.
- The Abu Dhabi Fund for Development (ADFD) activities in the Comoros date back to 1979, where the Fund has financed several development projects to the tune of about Dh253 million in strategic sectors.