UAE, Sudan explore ways to strengthen economic cooperation

By Shilpa Annie Joseph, Desk Reporter
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ADFD
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UAE’s leading financial entity, Abu Dhabi Fund for Development’s (ADFD) Director-General Mr. Mohammed Saif Al Suwaidi and Minister of Foreign Affairs of Sudan, Dr. Maryam Al-Sadiq Al-Mahdi have discussed potential areas of cooperation between the two countries.

The two entities spoke about the bilateral ties and ways to improve synergies in common areas of interest. Furthermore, they explored the Fund’s leading role in strategic financing of development projects that help stimulate the economy and overcome financial challenges.

Mohammed Saif Al Suwaidi
Mohammed Saif Al Suwaidi
Director-General
ADFD

“The UAE and Sudan have enjoyed strong and long-standing brotherly ties dating back decades. Thanks to the directives of the wise leadership, the Abu Dhabi Fund for Development is keen to strengthen and support these relations by continuing the process of achieving comprehensive development in Sudan. Today’s visit is an important opportunity to meet and discuss relations and avenues for strategic development and cooperation. The Fund is continuing to coordinate with the Sudanese government in the implementation of the remainder of projects earmarked through the UAE’s $1.5 billion aid package to Sudan announced in April 2019. The aid package aimed at maintaining Sudan’s economic and financial stability, as well as supporting the health, education, and agriculture sectors.”

During the meeting, Dr. Al-Mahdi has appreciated the UAE’s leadership and people for their unwavering help in promoting comprehensive sustainable growth, assisting the government in overcoming difficulties during challenging times, and enabling the Sudanese people to live more productive lives. She also lauded ADFD’s contribution to supporting Sudan’s diverse economic sectors’ long-term development and prosperity.

Since the beginning of its development activities in Sudan in 1976, ADFD has aided the Sudanese government in its efforts to boost the country’s strategic development by funding important projects in industry, electricity, transportation, water, and irrigation.

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