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Abu Dhabi fund completes Kabul housing project

ABU DHABI, January 12, 2015

Abu Dhabi Fund for Development (ADFD) said that construction work has been completed at its $167-million residential housing development in Kabul, Afghanistan, and was set for hand over in July.

The work is under way to complete the infrastructure and amenities at the project, which will see 3,330 housing units built on a 54-hectare site in Kabul, reported the Emirati news agency Wam.

These housing units have been designed to suit the family lifestyle of Afghans, said the report citing Mohammed Saif Al Suwaidi, the  director-general of ADFD.

He said the UAE government was committed to the needs of the people of Afghanistan and was a major partner in the country's social and economic sustainable development.

ADFD's involvement in Afghanistan goes back to 1977. Since then, the Fund has offered and managed grants, loans and long-term direct investments worth over Dh1 billion ($272 million) to finance 13 projects in the country's most vital sectors of overall development.




Tags: abu dhabi | Kabul | fund | Housing |

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