Abu Dhabi Fund for Arab Economic Development

Abu Dhabi Fund for Arab Economic Development

A financial institution owned by the government of Abu Dhabi that promotes investment in the developing world. It does this through concessionary loans, grants and equity investment provided to governments and private companies. It has funded projects in more than 50 countries since its foundation in 1971. See also: Abu Dhabi Investment Authority.
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References in periodicals archive ?
The Abu Dhabi Fund for Arab Economic Development, another brainchild of Shaikh Zayed, in 1980 provided Dh 3.33 billion in foreign aid, covering development projects in agriculture and fisheries, transport and communications, water and electricity, housing and tourism and heavy industries.
The Abu Dhabi Fund for Arab Economic Development (ADFAED) is developing 70,000 acres of agricultural land in Sudan to produce crops such as corn and alfalfa, a feed for livestock.
The Abu Dhabi Fund for Arab Economic Development was set up in 1971; and was followed by the Saudi Fund for External Development in 1974.
He oversaw the establishment of the Abu Dhabi Fund for Arab Economic Development.
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