Abu Dhabi Fund for Development finances 33 projects worth AED23 bn in Bahrain
Abu Dhabi Fund for Development and Bahrain: A Strong Partnership for Growth
The Abu Dhabi Fund for Development (ADFD) and the Kingdom of Bahrain have enjoyed a long-standing partnership since 1974, focusing on sustainable development and economic growth. ADFD has supported Bahrain by financing 33 development projects worth AED23 billion, covering sectors like housing, energy, transportation, and health.
Key Projects and Impact
ADFD's projects in Bahrain include the Salman City Housing Project, providing affordable homes, the East Sitra Development Project, expanding land for residential and commercial use, and the Sheikh Zayed Road Expansion, improving connectivity and reducing traffic congestion.
Statements from ADFD
Mohammed Saif Al Suwaidi, ADFD Director General, highlighted the strategic partnership's role in driving transformative development across various sectors, improving the quality of life for Bahrain's citizens.
The partnership between ADFD and Bahrain serves as a model for regional cooperation, showcasing the benefits of shared knowledge, resources, and expertise in achieving sustainable development.
Doubts Revealed
Abu Dhabi Fund for Development (ADFD)
The Abu Dhabi Fund for Development is an organization from Abu Dhabi, which is in the United Arab Emirates. It helps other countries by giving money to build important things like houses, roads, and energy projects. This helps countries grow and improve the lives of their people.
Bahrain
Bahrain is a small island country in the Middle East, near Saudi Arabia. It is known for its rich history and modern cities. Bahrain celebrates its National Day to mark its independence and achievements.
AED
AED stands for Arab Emirates Dirham, which is the money used in the United Arab Emirates. It's like how we use Rupees in India.
Salman City Housing
Salman City Housing is a big project in Bahrain where many houses are being built for people to live in. It's named after a leader and helps provide homes for families.
East Sitra Development
East Sitra Development is a project in Bahrain aimed at improving the area by building new facilities and infrastructure. This helps make the place better for people to live and work.
Sheikh Zayed Road Expansion
Sheikh Zayed Road Expansion is a project to make a major road in Bahrain bigger and better. This helps more cars travel smoothly and reduces traffic jams.
Sustainable development
Sustainable development means building and growing in a way that is good for people and the environment. It ensures that future generations can also enjoy a healthy and prosperous life.
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