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FinancialNews
22-06-21
Abu Dhabi Fund for Development to support UAE’s ongoing development in Comoros
(MENAFN)The Abu Dhabi Fund for Development (ADFD) gave 35 million dirhams (USD9.5 million) to support the UAE’s ongoing development efforts in the African island-nation Comoros.
According to state news agency WAM, the fund is going to be used in key projects in education, health, and agriculture, under the “Mother of the Nation” development program, led by the Emirates Red Crescent (ERC).
A garment manufacturing unit to offer livelihood to families in the island will be funded 4.5 million dirham (about USD 1, 2 million); 10 million dirhams (BOUT USD2,7 million) will be set to build a student dormitory; and 13 million for two women and children-focused health centers.
The rest of the fund is going to be channeled into agriculture and livestock projects, and construction of a school.
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