Abu Dhabi Fund for Development finances 31 projects in Jordan worth Dh5.7b

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In a report issued by ADFD to mark Jordan’s 71st Independence Day, the Abu Dhabi Fund for Development announced that by end-2016, it provided financing for 31 development projects with a cumulative value of Dh5.7 billion through government grants and concessionary loans. The projects covered several sectors, namely mining, water and irrigation, transport, housing, agriculture, energy, education and health care. Their constructive cooperation aims to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population.

ADFD manages the $1.25 billion (Dh4.6 billion) UAE government contribution to the Gulf Development Fund, a five-year grant programme of the Gulf Cooperation Council (GCC) to finance development projects in line with the Jordanian government’s strategic objectives. The end of 2016 marked the successful distribution of Dh4.459 billion.

Imad Fakhoury, Jordanian Minister of Planning and International Cooperation, said “the Jordanian government sees ADFD as an essential partner of its long-term growth efforts. The Fund has successfully managed, allocated and distributed concessionary loans and grants to key sectors in Jordan, most notably infrastructure, health care, industry and mining, and water and irrigation.”

 

 
[“source-ndtv”]

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