Development Journey

• Abu Dhabi Fund for Development hosts the 91st Arab Coordination Group meeting on the sidelines of COP28

• Arab Coordination Group allocation of US$10 billion to support energy transition

• The opening of the AIIB's operational office in Abu Dhabi

• ADFD marks golden jubilee. Its projects span across 103 countries, with the total investment amounting to AED 150 billion

• The UAE chairs AIIB's sixth annual meeting. ADFD represents the country in matters related to co-ordination with the bank's management and follow-up on all of its projects.

ADFD announces suspension of debt repayments for eligible developing countries during 2020 to enable them to cope with the fallout of the pandemic.

ADFD establishes Abu Dhabi Exports Office to strengthen the export sector and provide financing solutions for Emirati exporters.

ADFD Funds the UAE-Caribbean Renewable Energy Fund (UAE-CREF).

ADFD becomes a founding member of Lives and Livelihoods Fund, contributing AED184 million. It is the largest development initiative of its kind in the Middle East, supporting development projects for members of the Islamic Development Bank.

The UAE officially becomes a founding member of the Asian Infrastructure Investment Bank (AIIB). The UAE's contribution to the bank’s capital stands at $ 1.2 billion. ADFD represents the UAE at the AIIB and manages the country’s portfolio.

• Abu Dhabi Fund extends its activities to the UAE, in addition to supporting the country’s policy of pursuing development in emerging countries, the achievements contribute to the UAE attaining the prestigious title of the world’s top donor of official development assistance. It also increases its capital to AED 16 billion.

• ADFD's achievements contributed to the UAE being ranked a top country globally as the largest donor of development assistance, thanks to ADFD’s efforts.as the Fund played an important role in achieving sustainable development goals of partner countries.

• A $350 million initiative is launched to support renewable energy projects in partnership with IRENA. The initiative supported the UAE’s efforts to enable developing countries to raise their clean-energy contributions and tackle climate change by accelerating the process of transition to renewable-energy.

• The $ 50 million UAE-Pacific Partnership Fund (UAE-PPF) is launched, making it one of the largest initiatives of its kind in the Pacific.

ADFD receives International Stevie Award, which aims to honor companies of all kinds from across the world.

ADFD’s first strategic plan is launched, which would enhance its institutional capabilities and performance and align its internal and external priorities.

The institution’s capital doubles to AED4 billion from AED2 billion.

His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as the Deputy Ruler of the Emirate of Abu Dhabi, issues a decree replacing the name of Abu Dhabi Fund for Arab Economic Development with Abu Dhabi Fund for Development.

Arab coordination group is established for national and regional development institutions that would raise the efficiency of developmental funding.

ADFD raises its capital from AED 500 million to AED 2 billion following an increase in loan requests, as well as to expand its developmental contributions.

ADFD starts to receive loan requests for infrastructure projects. It approves 10 such applications totaling AED 222 million from Bahrain, Egypt, Jordan, Syria, Tunisia and Yemen.

Abu Dhabi Fund for Development is established by Sheikh Zayed bin Sultan Al Nahyan, who envisioned the institution as a global model in development financing.