The long-standing collaboration between the Abu Dhabi Fund for Development (ADFD) and the Kingdom of Bahrain exemplifies the robust bilateral relationship between these two sister nations, reflecting their mutual dedication to sustainable development.
Since 1974, ADFD has played a pivotal role in fostering Bahrain’s economic advancement and social development. It has made significant contributions to the enhancement of infrastructure and sustainable development initiatives in Bahrain, financing 33 development projects valued at approximately AED23 billion ($6.3 billion). These initiatives, WAM reported, span vital sectors such as housing, energy, transportation, and health, addressing financing requirements and supporting the fiscal balance program for 2023 and 2024, thereby enhancing the nation’s economic growth.
Celebrating Bahrain’s National Day
On the occasion of Bahrain’s National Day, celebrated annually on December 16, Mohammed Saif Al Suwaidi, the Director General of ADFD, remarked that the strategic partnership between ADFD and Bahrain has been crucial in propelling transformative development across various sectors. He emphasized that ADFD’s significant financial backing, along with its expertise in project development and management, has empowered Bahrain to execute ambitious projects that have profoundly influenced the country’s landscape.
Also, he stated that ADFD’s diverse project portfolio in Bahrain covers essential sectors such as housing, energy, transportation, and healthcare. He noted that by investing in these areas, ADFD has directly contributed to enhancing the quality of life for the citizens of Bahrain.
Read more: UAE celebrates Bahrain National Day, highlights decades-long historical ties
Key projects making an impact
Key projects by ADFD in Bahrain include:
Salman City Housing Project
This initiative has delivered affordable housing solutions for numerous families, addressing a vital need in the housing market.
East Sitra Development Project
This project has increased Bahrain’s land area, facilitating the creation of new residential and commercial spaces.
Sheikh Zayed Road expansion
This initiative has greatly improved connectivity and alleviated traffic congestion, thereby stimulating economic activity.
A model for regional collaboration
Moreover, the partnership between ADFD and Bahrain serves as a model for regional collaboration, illustrating the beneficial effects that joint efforts can have on sustainable development. Additionally, through the sharing of knowledge, resources, and expertise, both nations have attained remarkable achievements.
Furthermore, the enduring alliance between ADFD and Bahrain signifies the strength of cooperation and the commitment to mutual prosperity. Also, by investing in vital infrastructure, endorsing sustainable development, and enhancing the lives of Bahrain’s citizens, ADFD has established itself as a reliable partner and a catalyst for positive change, as noted by Al Suwaidi.
