UAE invests over AED 150 billion in developing countries

Tuesday, 27 July 2021 09:12

By ARN News Staff

Abu Dhabi Fund for Development (website)

Over AED 150 billion has been invested in developing countries through the Abu Dhabi Fund for Development.

The investments were made in a 50-year timespan, positively impacting nearly 100 countries.

They focused on promoting renewable energy, mitigating the impact of COVID-19, increasing local exports and developing the social and economic conditions of these countries.

This funding framework was designed in line with the UAE Vision 2021, the Abu Dhabi Economic Vision 2030, and the UAE Centennial 2071.

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The United Arab Emirates has expressed its solidarity with Saudi Arabia and the victims of the crash of a helicopter on Sunday belonging to Saudi Aramco in the Ras Tanura region, which resulted in the death of all its passengers.
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The United Arab Emirates has condemned renewed Iranian hostile attacks targeting Bahrain and Kuwait with missiles and drones.
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Five United Arab Emirates humanitarian aid convoys entered the Gaza Strip this week under Operation Chivalrous Knight 3.

UAE invests over AED 150 billion in developing countries

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