Abu Dhabi Fund For Development Invests AED 23 Billion In 33 Key Projects Across Bahrain

The collaboration between the Abu Dhabi Fund for Development (ADFD) and Bahrain highlights their dedication to mutual growth and sustainable progress. Since 1974, ADFD has significantly supported Bahrain's economic and social development. This partnership underscores the strong ties between the two nations, focusing on shared prosperity.

ADFD has invested in 33 projects in Bahrain, totalling AED23 billion. These initiatives span housing, energy, transportation, and health sectors. They aim to meet financial needs and support Bahrain's fiscal balance for 2023 and 2024, enhancing economic growth.

On Bahrain's National Day, December 16, Mohammed Saif Al Suwaidi, ADFD Director General, emphasised the strategic partnership's role in transformative development across various sectors. He stated that ADFD's financial backing and project management expertise have enabled Bahrain to embark on ambitious projects with significant national impact.

ADFD's diverse project portfolio in Bahrain includes critical sectors like housing, energy, transportation, and healthcare. These investments have directly improved the quality of life for Bahraini citizens by addressing essential needs in these areas.

Notable projects include the Salman City Housing Project, which provides affordable homes for many families. The East Sitra Development Project has expanded land for new residential and commercial zones. Additionally, the Sheikh Zayed Road Expansion has enhanced connectivity and reduced traffic congestion.

Model of Regional Cooperation

The ADFD-Bahrain partnership exemplifies successful regional cooperation. By sharing resources and expertise, both nations have achieved significant results in sustainable development. Their collaboration serves as a model for others aiming to foster similar partnerships.

Al Suwaidi noted that this enduring partnership demonstrates the power of cooperation and commitment to shared prosperity. Through investments in infrastructure and sustainable development, ADFD has become a trusted partner in improving Bahraini citizens' lives.

The ongoing collaboration between ADFD and Bahrain continues to drive positive change by investing in essential infrastructure projects. This partnership not only strengthens bilateral ties but also contributes to regional stability and growth through shared goals and mutual support.

With inputs from WAM