Abu Dhabi / WAM
The Ministry of Finance (MoF) in collaboration with the International Fund for Agricultural Development (IFAD) organised a workshop entitled “Investing in Agriculture and Rural Development – Growing a Better Future”, taking place until October 6 at the Sofitel Abu Dhabi Corniche Hotel.
The workshop aims to discuss the challenges and opportunities facing investment in
the agricultural sector, and ways to achieve sustainable
agricultural and rural
The workshop is being held with the presence of Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, Dr. Khalida Bouzar, Director of the Near East, North Africa, Europe and Central Asia at IFAD, Ahmed Belhaif, Director of Abu Dhabi region at the Ministry of Climate Change and Environment, and Adel Al Hosani, Director of Operations Department at the Abu Dhabi Fund for Development, along with a number of specialists from the Ministry of Foreign Affairs and International Cooperation and officials from MoF.
Al Khoori praised the partnership between UAE and IFAD, and highlighted the country’s role as one of the founding members of the fund, which was established in 1977 as a partnership between state members of the Organisation for Economic Co-operation and Development in the economic field, the Organisation of the Petroleum Exporting Countries and other developed countries. He added that the UAE has contributed a total of US$54.2 million to the fund.
The workshop covered a number of topics, including challenges and prospects for rural development in a turbulent and unpredictable context, decentralisation plan IFAD 10 &11 and implications for staff, updates on the social, environmental and climate assessment procedures and GEF Portfolio, and Abu Dhabi’s action plan to achieve rural
The workshop also highlighted the best innovative agricultural and rural development practices in UAE, particularly during the field visit to the Agricultural Innovation Centre in Al Dhaid, during which participants were exposed to the UAE’s ongoing research on greenhouses
and hydroponic systems