Search DubaiPRNetwork.com

Home >> Government, Legal & Humanity

Abu Dhabi Fund for Development Attends Inauguration of Two Projects in Albania Worth AED240 Million

Monday, May 7, 2018/ Editor -  

Share

Home >> Government, Legal & Humanity

Tirana River Rehabilitation and Tirana Northern Boulevard projects directly benefit Albanian society, support development of key economic sectors

Abu Dhabi, United Arab Emirates, 7 May 2018:  A delegation from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, participated in the official inauguration of two of its funded projects in the Albanian capital Tirana, worth AED240 million. 

Adel Al Hosani, Director of the Operations Department at ADFD, led the delegation representing the Fund.

The event also drew the participation of His Excellency Edi Rama, the Albanian Prime Minister, His Excellency Erion Veliaj, Mayor of Tirana, and several ministers and senior Albanian officials. 

Speaking on the occasion, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, said: “Since 2013, ADFD’s strategic relations with the Albanian government have gone from strength to strength, with the Fund financing three strategic projects in Albania valued at AED424 million.

With the official inauguration of two ADFD-funded projects – Tirana River Rehabilitation and Tirana Northern Boulevard, we mark an important milestone in supporting Albania in achieving its development priorities.”

He added: “These projects have directly benefited large segments of the population through creating job opportunities and stimulating various economic sectors.”

In 2013, ADFD allocated an AED103 million concessionary loan for the Tirana River Rehabilitation project to revitalise the bed of the Tirana River, its shores and the surrounding areas.

In the same year, the Fund extended an AED137 million concessionary loan to finance the Tirana Northern Boulevard project. Works included a two-storey underground car park with 333 parking spaces, equipped with an electric vehicle charging station.

The project focused on developing the infrastructure surrounding Tirana’s Northern Boulevard with the aim of attracting investments, tourists and trade.
For his part, His Excellency Erion Veliaj praised the UAE’s global development endeavours and ADFD’s achievements in financing projects that support socio-economic development in developing countries.

Furthermore, he highlighted the committed efforts of the Fund, its continuous follow-up, and dedication to the timely execution of the projects in Tirana. 

Since its inception in 1971, ADFD has financed development projects to the tune of about AED80 billion in 88 countries around the world through concessionary loans and Abu Dhabi government grants.

 


Previous in Government, Legal & Humanity

Next in Government, Legal & Humanity


Home >> Government, Legal & Humanity Section

Latest Press Release

Roda Al Murooj – Pre-Ramadan Iftar Preview

Roda Al Bustan – Pre-Ramadan Iftar Preview

Roger Dubuis Excalibur Knights of the Round Table III

STARVAC launches a new treatment method for natural body and face care

Dubai Customs participates in Shenzhen Security Summit

Emirates Post Offers Valued Discounts to Six Destinations this Ramadan

du Gives Customers a Chance to Travel the World with Up To 1 Million Free Miles ...

Girl Rising and HP Celebrate Stories of Change

Emirates Airline Festival of Literature Student Writing Competitions Launch for ...

Cadillac IMPEX Announces VAT-Free Offers for the Holy Month of Ramadan

Experts highlight the need for comprehensive stroke care

Happy Father's Day with Saint Honore Allure

Al Jalila Foundation and Sanofi Join Forces to Advance Scientific Research in th ...

MAC - Prep + Prime Fix +

Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras A ...

Panasonic Continues to Raise the Bar for Excellent Customer Service

Glambeaute.com's Special Ramadan Beauty Packs

HP Showcases Growth in High-Volume 3D Printing Deployments and Breakthrough Appl ...

Capillary Technologies Grows its Global Business by 200% YoY

OMEGA goes onshore in Newport to unveil the Volvo Ocean Race winner's watch