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Abu Dhabi / Emirates Business
Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has allocated an Abu Dhabi government grant worth AED40 million to the Comorian government. The grant will help enhance the efficiency of public utility systems, such as electricity supply, in the Comoros through installing new transformers and generators with a total capacity of 11 megawatts as well as rehabilitating existing distribution networks.
His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, and His Excellency Said Ali Said Chayhane, Comorian Minister of Finance and Budget, signed a Memorandum of Understanding (MoU) outlining the terms of the funding at ADFD’s headquarters in Abu Dhabi. Representatives of ADFD’s senior management and several high-ranking Comorian officials were also present at the signing.
“The UAE and the Comoros continue to enjoy close bilateral ties. The latest development grant is in line with the directives of the UAE leadership to supporting sustainable socio-economic growth in developing countries, Mohammed Saif Al Suwaidi,†added.
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