Afghan Minister recognises ADFD’s monumental role in fostering UAE-Afghanistan ties

Afghan Minister recognises Abu Dhabi Fund’s role in UAE-Afghanistan ties ABU DHABI, 29th October, 2016 (WAM) — An Afghan government minister recently met with officials of the Abu Dhabi Fund for Development (ADFD) to explore expanding the fund’s assistance to the people of Afghanistan.

Sadat Mansoor Naderi, the Afghan Minister of Urban Development Affairs, visited the headquarters of ADFD and met with Mohammed Saif Al Suwaidi, Director-General of ADFD, and several of the Fund’s officials to discuss expanding the partnership between ADFD and Afghanistan.

Abdul Farid Zikria, Ambassador of Afghanistan to the UAE, was also present at the meeting, in which they explored the strengthening of joint cooperation and bilateral ties between the two countries. The two sides examined ways in which ADFD could continue to support Afghanistan in achieving sustainable economic and social development through leveraging the emerging opportunities within the country.

Welcoming the Afghan delegates, Al Suwaidi said, “The visit of the Afghan Minister of Urban Development Affairs to our headquarters comes within the framework of coordinated efforts between the Afghan government and Abu Dhabi Fund for Development to enhance socio-economic development in Afghanistan.”

“The Abu Dhabi Fund for Development and the Government of Afghanistan has been engaged in long-standing strategic partnerships since 1977. The Fund has played a catalytic role to underpin the Afghan government in implementing its development goals to achieve economic stability and nation-wide prosperity,” he added.

He further clarified that the Minister’s visit and upcoming meetings between ADFD and the Afghan government will opennew opportunities for the Fund to invest and have a positive impact on the population of Afghanistan. He added that these efforts were in line with ADFD’s vision to alleviate living standards in developing countries.

The Afghan minister commended the efforts made by the UAE government through ADFD to provide Afghanistan with the means to attain their development goals through funding key infrastructure schemes that drive long-term growth.

“Over the past few years and though ADFD’s AED 1 billion contribution, the Afghan government was able to develop initiatives across a range of economic sectors to facilitate progress in several cities in Afghanistan. In a recent donation of USD 200 million by ADFD to advance infrastructure, we were able to build 3330 apartment units. ADFD tailors their development approach towards key infrastructure projects in Afghanistan to stimulate the economy; I look forward to future collaborations and investments by the Government of the UAE in public-private partnerships (PPP),” he said.

ADFD and the Government of Afghanistan have completed three-and-a-half decades of cooperation towards achieving sustainable development in Afghanistan. Over this period, ADFD has provided the Afghan government with grants and concessionary loans towards development efforts. As of today, 16 projects in Afghanistan have been fully funded by ADFD – amounting to a net value of AED1.2 billion in various economic sectors – notably housing, transport, and social and health services.