ADFD and Bahrain Strengthen Partnership with $6.26 Billion in Development Projects

UAE, 16 December, 2024 : The Abu Dhabi Fund for Development (ADFD) has financed 33 projects in Bahrain valued at AED 23 billion ($6.26 billion), underscoring a decades-long partnership focused on sustainable development.

Since 1974, ADFD has supported Bahrain’s economic growth by funding key sectors such as housing, energy, transportation, and healthcare. These efforts align with Bahrain’s fiscal balance program for 2023-2024, boosting economic growth and infrastructure development.

On Bahrain’s National Day, ADFD Director General Mohammed Saif Al Suwaidi emphasized the significance of the partnership, highlighting its role in transformative projects like the Salman City Housing Project, East Sitra Development, and Sheikh Zayed Road Expansion. These initiatives have improved housing access, expanded land development, and enhanced connectivity, directly benefiting Bahrain’s citizens.

The ADFD-Bahrain collaboration exemplifies regional cooperation, driving sustainable development through shared resources and expertise. Al Suwaidi stated, “This partnership has significantly improved the quality of life in Bahrain and stands as a model for positive change in the region.”