Mansour Bin Zayed Chairs First Abu Dhabi Fund For Development Board Meeting Of 2025
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister, led the Abu Dhabi Fund for Development's (ADFD) first board meeting of 2025 at Qasr Al Watan in Abu Dhabi. The meeting focused on reviewing the Fund’s recent achievements, operational performance, and progress in development projects across various nations.
The board also discussed future strategies, approved new policies, and endorsed financing requests that met established criteria. His Highness emphasised the Fund's crucial role in aiding developing countries to achieve their development goals. He praised its contribution to global sustainable development and enhancing the UAE’s position as a key player in international development assistance.
Sheikh Mansour highlighted the Fund’s efforts to bolster the national economy by improving UAE exports' competitiveness. By offering flexible financing solutions, the Fund helps national companies expand internationally, contributing to economic growth. This approach not only supports local businesses but also strengthens their presence in global markets.
The meeting was attended by several notable figures including Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State; Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation; and Fares Mohammed Al Mazrouei, Adviser at the Presidential Court. Other attendees included Ahmed Ali Al Sayegh, Mariam bint Mohammed Almheiri, Khalifa Al Mazrouei, Meera Sultan Al Suwaidi, and Mohamed Saif Al Suwaidi.
Mohamed Saif Al Suwaidi expressed gratitude to the UAE leadership for its unwavering support and trust in the Fund’s mission. He noted that this backing motivates continued efforts towards sustainable development both locally and globally. He also thanked board members for their guidance in achieving the Fund’s ambitious vision.
The Abu Dhabi Fund for Development marked significant achievements last year with increased development financing benefiting numerous countries worldwide. Its foreign investments have expanded significantly. Additionally, the Abu Dhabi Exports Office played a vital role in boosting UAE products' global competitiveness.
The board's discussions underscored the importance of strategic planning and policy approval to ensure continued success in supporting international development initiatives. The focus remains on fostering sustainable economic growth through innovative financial solutions that align with global needs.
With inputs from WAM
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