us50 million allocated to companies to invest in chad
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US$50 million allocated to companies to invest in Chad

Arab Today, arab today

Arab Today, arab today US$50 million allocated to companies to invest in Chad

US$50 million allocated to companies to invest in Chad
Abu Dhabi - Arab Today

Abu Dhabi Fund for Development, ADFD, announced the allocation of US$50 million for UAE companies wishing to invest in the Central African nation of Chad. The announcement came during the participation of an ADFD delegation in the UAE-Chad Investment Forum that took place today in Abu Dhabi.

Several ministers and senior officials from the public and private sectors of the two countries attended the event, organised by the Abu Dhabi Chamber of Commerce and Industry in collaboration with the Chadian Ministry of Industrial Development, Trade and Promotion of the Private Sector.

The funding falls within the framework of the 2017 UAE government contribution of $150 million, announced at the Development and Investment in Chad Conference in Paris earlier this month to support the Chadian government’s National Development Plan 2017-2021.

On this occasion, Mohammed Saif Al Suwaidi, Director General of ADFD, said "The event offers a unique platform to discuss bilateral investment and development prospects. In its pursuit of sustainable development and under the guidance of the UAE’s wise leadership, ADFD is keen on building strong relations and forging constructive cooperation with the Chadian government."

He added, "The Fund is proud of the UAE’s US$150 million contribution to support Chad’s National Development Plan 2017-2021. The allocation of $50 million to UAE companies wishing to invest in Chad demonstrates our commitment to encouraging the private sector to explore the wealth of opportunities in Central Africa, and specifically Chad."

"ADFD currently operates in more than 80 countries across the globe, including 35 African nations. The Fund’s total expenditure in Africa amounts to an estimated AED20 billion. The new venture aligns with our strategy to expand our geographical footprint in developing nations."

For his part, Hissein Ibrahim Taha, Chadian Minister of Foreign Affairs and African Integration, praised this collaborative UAE-Chad strategic partnership and highlighted ADFD’s prominent role in driving development projects across the globe. He added that with the support from the Fund, Chad will boost its transportation infrastructure and improve its education, water, agriculture, health, and livestock trade sectors.

Since its inception in 1971, ADFD has financed development projects around the world to the tune of AED77 billion through concessionary loans and Abu Dhabi government grants.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us50 million allocated to companies to invest in chad us50 million allocated to companies to invest in chad

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us50 million allocated to companies to invest in chad us50 million allocated to companies to invest in chad

 



GMT 11:36 2016 Wednesday ,28 December

UAE Banks Needs Unified Approach To Common Problems

GMT 09:00 2017 Wednesday ,12 April

Colombia forces struggle to root out coca

GMT 21:42 2017 Monday ,06 February

Syria anti-Daesh forces say US sent them armored cars

GMT 18:35 2017 Saturday ,11 November

750,000 march for separatists' release in Barcelona

GMT 21:18 2016 Thursday ,22 September

Nawaz, Rouhani discuss bilateral ties, regional situation

GMT 18:31 2017 Friday ,01 September

Vietnam state oil magnate arrested in major fraud case

GMT 14:18 2017 Thursday ,09 March

CITC governor visits STC booth in Spain exhibition

GMT 04:30 2017 Friday ,10 November

Uber IPO 'target' is 2019

GMT 19:40 2017 Tuesday ,29 August

Mona used stones to decorate ornaments

GMT 13:02 2017 Wednesday ,08 March

Crash test dummies sacrifice lives for car safety

GMT 08:41 2017 Tuesday ,28 November

Beautiful Plants for Amazing Indoor Decoration

GMT 05:01 2018 Monday ,24 September

Bahrain weather forecast

GMT 14:41 2013 Wednesday ,06 February

Skyfall awarded best film at Evening Standard awards

GMT 09:36 2017 Thursday ,16 March

Hawaii Judge Blocks Trump’s Muslim Travel Ban

GMT 01:58 2018 Tuesday ,09 January

US runner-up snubbed for Olympics

GMT 15:50 2012 Monday ,02 July

NATO calls for \'political solution\' in Syria

GMT 01:59 2012 Friday ,13 January

Octopus Table

GMT 02:09 2017 Monday ,23 October

Aug24/Sep23

GMT 23:40 2017 Tuesday ,15 August

Pakistan's PM Heads to Kabul to Meet Karzai
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday