Dubai PR Network, Online Press Release from Dubai and Middle East
 
Infrastracture, Construction & Manufacturing(Real Estate & Retail)
Filter PR by
  
Abu Dhabi Fund for Development Drives 18 Sustainable Development Projects in Afghanistan Worth AED1.2 Billion
 
  • His Excellency Mohammed Saif Al Suwaidi: “Our wise leadership is keen to continuously develop UAE-Afghanistan bilateral relations”
  • ADFD’s development funding in Afghanistan underpins growth for agriculture, housing, energy, transport, industry and health sectors as well as social services 
Abu Dhabi-UAE: 19 August, 2017:  Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Government of Afghanistan, enjoy long-standing ties of cooperation dating back to 1977. Cordial relations between the two sides continue to drive sustainable socio-economic development across key sectors that benefit the citizens of Afghanistan.
 
Spanning crucial sectors, such as agriculture, housing, energy, transport, industry and health as well as social services, to date, the Fund has allocated AED1.2 billion in Abu Dhabi government grants and concessionary loans to 18 development projects in Afghanistan.
 
ADFD’s country report marking Afghanistan’s Independence Day on 19 August stated that the 18 sustainable development projects have prioritised ongoing economic growth and elevated living standards in the country.
 
On the 98thanniversary of Afghanistan’s national holiday, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, extended his sincerest greetings to the Afghan government and people wishing them continued prosperity.
 
His Excellency Al Suwaidi added: “Our nation’s founding father, late Sheikh Zayed bin Sultan Al Nahyan, laid the foundation for the UAE’s deep rooted cooperation with Afghanistan. Today, under the leadership of UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, our country remains committed to continuing and further enhancing ties with Afghanistan.”
 
He added: “Under the strategic guidance and counsel of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of Abu Dhabi Fund for Development’s Board of Directors, the Fund is currently a key partner of the Afghan government in advancing and supporting sustainable economic and social development across that country.”
 
Reaffirming the UAE’s efforts in driving development initiatives in Afghanistan, His Excellency Al Suwaidi said: “In cooperation with regional and international institutions, ADFD is proud to spearhead this noble march to extend financial assistance for the greater good of the Afghan people. Over a time span of four decades, the Fund has significantly contributed to Afghan society through investments in sustainable infrastructure projects that benefit all citizens.”
 
The following is a brief overview of notable projects funded by ADFD in Afghanistan: 
 
Transport Sector 
Kabul Infrastructure Expansion and Rehabilitation Works (Phase I & II)  
With its sustained focus on infrastructure works in advancing socio-economic development, ADFD contributed about AED136 million to the development of the country’s transport sector. Phase I of the Kabul Infrastructure Expansion and Rehabilitation project witnessed the refurbishment of some of the capital, Kabul’s major roads and bridges, ensuring ease of movement and travel for commuters and reducing traffic jams. This two-phased project also involved the construction of three major roads totalling 17 kilometres in length and 40-60 metres in width, and the establishment of rainwater drainage systems and pedestrian sidewalks. 
 
Mazar-e Sharif International Airport Rehabilitation Works 
To drive growth in Afghanistan’s air transport sector, in 2009, ADFD administered an Abu Dhabi government grant worth AED55 million to further develop and rehabilitate the Mazar-e Sharif International Airport. This project included the construction of a new runway – to serve international flights – capable of accommodating large aircrafts, particularly Airbus 300 and Boeing 747 models, the rehabilitation and overhaul of the old runway, as well as building passage ways to link both runways and aircraft parking bays. Moreover, this crucial project led to the construction of a new passenger terminal, restoration of the old terminal and also equipped the air control tower with navigation devices.
 
Housing Sector 
Housing Units in Al Qasaba District in Kabul 
In line with the directives of the UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, to contribute to international efforts in supporting the Afghan government’s housing development goals, the Abu Dhabi government provided a grant of US$250 million (an estimated AED918 million) to the Government of Afghanistan. Within this framework, ADFD allocated AED708 million in 2010 to the Housing Units in Al Qasaba District in Kabul project. Aimed at increasing the supply of residential units, this crucial project witnessed the construction of 3,330 housing units across 53.8 hectares. 
 
Industry Sector 
Baghlan Sugar Factory
ADFD contributed AED17 million to the construction of the Baghlan Sugar Factory. Over the past years, this strategic project has supported the local Afghan economy and revitalised the agriculture sector through increasing the production capacity for exporting sugar. In addition, this initiative also equipped the factory that boasts a 27,000 tonne capacity per year, with necessary hardware and advanced equipment. 
 
Education Sector 
Sheikh Zayed University in Khost Province 
In line with supporting the Afghan government’s goals to improve the education sector, ADFD managed an estimated AED27 million Abu Dhabi government grant to develop the Sheikh Zayed University in Khost Province. This grant helped source and enhance specialised faculties at the university, particularly in the fields of medicine, engineering, law, arts, literature, and in education sciences, among other diverse disciplines. Furthermore, to prepare all students for employment and equip them with knowledge and capabilities to overcome socio-economic challenges, this project also included vocational career support initiatives.
 
Multi-sector 
Cooperation with the Standing Committee for Humanitarian and Development Aid in Afghanistan
As part of its ongoing efforts to support reconstruction initiatives in Afghanistan, and to stimulate economic recovery, the Abu Dhabi government provided approximately AED195 million to the Standing Committee for Humanitarian and Development Assistance in Afghanistan. To manage and optimise the effectiveness of the UAE’s contribution, ADFD was tasked with allocating and managing this grant through directing funds and resources to best meet the humanitarian and development needs of the Afghan people.   

Posted by : Dubai PR Network Editorial Team
Viewed 4801 times
PR Category : Real Estate & Retail
Posted on : Saturday, August 19, 2017  3:57:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Abu Dhabi Fund for Development Pledges Financial Contributio...
Next Story : 57% of SGI Dubai 2018 show already sold off
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
LG DUALCOOL Air Conditioner Builds a Tower of Chocolate [12804-Views]
Dune London: The Autumn/Winter17 campaign [10278-Views]
Max Mara: Iconic Coats - Manuela & Teddy. [9327-Views]
Contour, Highlight and Bronze your Body with Ease with Madame LA LA [7991-Views]
Vintage is the rage for new Chronofighter range [7942-Views]
SAINT HONORE Charisma “Twist” for elegant lady [7546-Views]
Marina Rinaldi : Ashley Graham continues her role as the face of the brand for the Fall/W... [7271-Views]
LG Robots to Connect People for A Better Tomorrow [7046-Views]
Ferrari Portofino: the Italian Grand Tourer par excellence [6637-Views]
CITIZEN opens refurbished boutique at Sharjah City Centre [6631-Views]
Exhilarating new Roger Dubuis pop-up boutique in the US [6289-Views]
Panasonic announces robust plans for Middle East under new leadership [6130-Views]
Mango Fall/Winter17 - Denim Special [5929-Views]
Michael Kors Collection Spring 2018 Fashion Show [5911-Views]
Weekend Max Mara : The Pasticcino Bag - Fall/Winter 2017 [5813-Views]
Huawei CBG supports the Middle East Innovation Agenda by bringing cutting-edge innovative ... [5807-Views]
TAG Heuer's Globetrotter Exhibition Opens in Dubai Mall on September 15, As Part of an Amb... [5649-Views]
Dubai Culture Takes ‘Dubai Next' to London Design Festival [5630-Views]
Ulysse Nardin Presents Classico Zheng He [5466-Views]
Kate Upton, Ashley Graham, Andreea Diaconu, Skai Jackson and more in Michael Kors to a Par... [5429-Views]
'COÉGA'S Got You Covered' in New AW17 SPF50 Family Swimwear Collection [5240-Views]
Malabar Gold & Diamonds recognized as the ‘Superbrand' 5th time in a row by Superbrands Co... [5185-Views]
New Balance Introduces the 574 Sport in Celebration of the Dubai Mall Store Opening [5161-Views]
Vacheron Constantin Pays Tribute to the Middle East with Exclusive Overseas Timepieces [5118-Views]
The Longines Avigation BigEye: Aesthetics and tradition in a pilot's watch [5094-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories