With its mission aimed at helping developing countries achieve sustainable economic growth, the Abu Dhabi Fund for Development (ADFD) has indicated its willingness to assist the Solomon Islands.
The assurance was given by ADFD Project Engineer Mr Abdulla Mubarak Al Mehairbi after a Zoom meeting session with H.E.Moses Kouni Mose on Tuesday 19th October, 2021.
Abu Dhabi Fund for Development provides development aid to developing countries in the form of concessionary loans and grants on behalf of the Abu Dhabi government.
ADFD also makes investments in order to encourage the private sector in the recipient countries to play an increased role in the economic development process.
The focus of ADFD’s funding will be based on the requesting Government’s national priority and they include infrastructure projects such as energy, water, transportation, health, housing and education.
ADFD’s funding vary between $5million – $100 million depending on the project and the country’s per capita income.
H.E. Mose thanked Mr Al Mehairbi adding that the Solomon Islands looked forward to re-engaging with the Abu Dhabi Fund for Development in the future.
ADFD continues to support Pacific Island countries in fulfilling their growing energy demands from renewable sources through the US$50 million UAE-Pacific Partnership Fund.
2016 witnessed the launch of operations on five projects in the Solomon Islands, the Marshall Islands, Nauru, Palau and Micronesia.