Abu Dhabi Fund For Development Allocates AED10.5 Billion To Finance 26 Strategic Projects In Bahrain

A technical delegation from Abu Dhabi Fund for Development (ADFD) visited the Kingdom of Bahrain to review the progress of the development projects financed by the Fund in the country. The projects are being implemented as part of the AED9.19 billion (US$2.5 billion) grant provided by the UAE to Bahrain within the framework of the Gulf Cooperation Council (GCC) development programme for Bahrain.

Since its inception in 1974, ADFD has allocated AED10.5 billion towards financing 26 development projects in Bahrain spanning the housing, energy, transportation and healthcare sectors.

As part of the visit, the delegation met several Bahraini government officials and reviewed the progress of the development projects financed by the Fund in Bahrain. It confirmed that some of projects are currently more than 90% complete, while work is in full swing to deliver the remaining projects on schedule.