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ADFD agrees $9.5m financing to Comoros initiative

ABU DHABI, June 21, 2021

Abu Dhabi Fund for Development (ADFD) has signed an agreement with the Emirates Red Crescent (ERC) to finance the development projects supported by the Mother of the Nation program in the Comoros.

As part of the funding, ADFD has provided AED35 million ($9.5 million) to the UAE government’s grant to the Comoros to support development projects within the Mother of the Nation program.

Serving key sectors including education, health and agriculture sectors, and the program seeks to implement seven development projects in the major islands of the Comoros, benefiting more than 360,000 people. Through elevating the efficiency of public services, especially in health and education sectors, the program aims to enhance the economic and social development of local population and provide them with improved livelihoods.

The cooperation agreement was signed by Mohammed Saif Al Suwaidi, Director General of ADFD, and Dr. Mohammad Ateeq Al Falahi, Secretary General of ERC. The signing ceremony drew the participation of His Excellency Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD and other senior officials from both sides.

Al Suwaidi said: "Through this agreement, we seek to support sustainable development and improve the living standards of the people of the Comoros by ensuring their access to basic services in collaboration with ERC."

He added: “The development projects implemented by the Mother of the Nation program with ADFD’s financial assistance will focus on productive projects in agricultural sector as well as on setting up medical centres and modern schools to improve educational and healthcare services. This will significantly help families in developing their skills, achieving self-sufficiency, besides boosting economic activities and creating new job opportunities across various regions of the Comoros.”

Dr. Mohammad Ateeq Al Falahi said: “The Mother of the Nation program heralds a new phase in ERC’s efforts to promote economic development in the Comoros in collaboration with ADFD. ERC has a strong presence in the Comoros through financing various development and humanitarian projects. These projects demonstrate the UAE’s mission to support development projects that cater to the sectors that directly affect the well-being of local population. Such initiatives reinforce ERC’s leading role in implementing projects and programs that serve millions of people across the globe.”

The development assistance extended by the Mother of the Nation Program to the Comoros covers financing of seven development projects that offer educational and healthcare services to thousands of people to improve their access to schools, healthcare centres and social development facilities.

The funding support for the Mother of the Nation program in the Comoros includes AED4.5 million for a garment manufacturing unit to empower families benefiting 90,000 people, AED10 million for a student dormitory with 52 rooms serving nearly 500 students and covering an area of 2100 sq m, and AED13 million to two mother and childcare centre with a dialysis unit to provide medical care to more than 260,000 patients annually.

Furthermore, the program has allocated AED3 million towards the establishment of a dialysis centre that provides treatment to nearly 2,500 patients annually, AED 1.5 million to the development of an agriculture field and livestock project that supports 1,200 families, and AED3 million to the construction of a model school that can accommodate 1,000 students to support the Island’s educational sector.

ADFD’s development partnership with the Comoros dates back to 1979, since then ADFD has been allocated AED436 million to finance development projects that delivered a significant impact on the country’s development landscape. These projects focused on vital sectors including energy, education, healthcare, water, transportation, among others, and enabled the island nation to improve its infrastructure and stimulate sustainable economic growth. – TradeArabia News Service




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