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Abu Dhabi / WAM
Abu Dhabi Fund for Development (ADFD) has approved a grant of AED257 million ($70 million) provided by the UAE government to fund the development of more than 2,000 residential housing units that is part of the urban redevelopment of one Albania’s leading economic centres that sustained major damage from recent earthquakes.
This grant supporting the Albanian urban reconstruction programme is being provided under the direction of President His Highness Sheikh Khalifa bin Zayed Al Nahyan; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for implementation by ADFD.
Mohammed Saif Al Suwaidi, Director-General of ADFD, and Arben Ahmetaj, Minister of State for Reconstruction in Albania, signed the Memorandum of Understanding of the funding in Abu Dhabi.