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| 17 December, 2017

UAE's ADFD allocates $2.65bln to finance 26 strategic projects in Bahrain

26 development projects in Bahrain spanning the housing, energy, transportation and healthcare sectors.

ABU DHABI- A delegation from Abu Dhabi Fund for Development, ADFD, have visited Bahrain to review the progress of a number of development projects financed by the fund in the country.

ADFD has allocated AED10.5 billion towards financing 26 development projects in Bahrain spanning the housing, energy, transportation and healthcare sectors.

The projects are being implemented as part of a grant provided by the UAE within the framework of the GCC development programme for Bahrain.

As part of the visit, the delegation met several Bahraini government officials and reviewed the progress on the projects, including some which are more than 90 percent complete.

Mohammed Saif Al Suwaidi, Director-General ADFD, said, "ADFD and the Government of Bahrain enjoy long-standing and strong historic ties that date back over four decades. We have worked together to achieve the Kingdom’s sustainable development goals across a broad spectrum of economic sectors." He added, "The GCC development programme for Bahrain, commissioned in 2013, is a sustainable model of development support extended by the UAE to Bahrain managed by ADFD. During our recent visit to Bahrain, our technical delegation reviewed the phases of completion of various projects and discussed and coordinated the work flow with officials from different government entities there." The projects aim to support the ongoing efforts of the Bahraini government to fulfill the country’s sustainable development objectives.

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© Copyright Emirates News Agency (WAM) 2017.