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 23:04 2017 Monday ,04 December

Saudi Arabia recalls ambassador to Germany

GMT 02:47 2014 Monday ,17 November

Qatar Library to take part in Conference

GMT 18:17 2018 Friday ,07 September

US Defence Secretary arrives in Kabul

GMT 03:28 2018 Sunday ,21 January

Emirates throws Airbus A380 a lifeline

GMT 15:20 2017 Wednesday ,20 December

Oman Arab Bank launches advanced automation system

GMT 04:56 2017 Thursday ,22 June

ASEAN journalists conclude silk road media journey

GMT 08:08 2015 Thursday ,05 November

UAE media has matured, delivered remarkable successes

GMT 22:37 2016 Thursday ,17 November

Japan aims to increase food exports to GCC

GMT 08:40 2013 Saturday ,02 February

Saladin

GMT 00:12 2016 Sunday ,01 May

December 21 - January 18

GMT 05:35 2017 Wednesday ,25 October

Rio policeman who killed Spanish tourist charged

GMT 01:15 2014 Friday ,24 January

Little Known Facts

GMT 09:03 2013 Tuesday ,09 July

Fathy Abdel Wahab works on social issues drama

GMT 19:13 2017 Sunday ,16 April

Iraqi MP calls government to cut oil from Jordan

GMT 21:38 2017 Wednesday ,12 July

Israeli occupation forces arrest 21 Palestinians

GMT 04:59 2015 Wednesday ,28 October

Saudi blogger flogging to resume

GMT 14:24 2016 Wednesday ,14 December

Wonder Woman loses UN job after protests

GMT 14:28 2017 Saturday ,13 May

Tunisia can repay 53% of its debts
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