ADFD funds 64 educational projects worth $540m

During its pioneering 50-year journey, the Abu Dhabi Fund for Development has funded 64 educational projects worth a total of AED2 billion ($540 million) across 15 developing countries in the world.

 

In its report, issued on the International Day of Education on January 24, ADFD emphasised the importance of supporting the education sector, one of the essential pillars for achieving humanitarian and societal progress. 

 

The Fund also aims to develop the capabilities of individuals and to qualify future generations, empowering them to make societies more stable and productive.

 

Mohammed Saif Al Suwaidi, Director General of ADFD, said: “Given the importance of education in developing and growing communities, it is one of the primary sectors that ADFD is keen to support. In line with the fourth objective of our Sustainable Development Goals, which is to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all, the Fund continues to support the education sector by financing several strategic projects that contribute to sustainable economic and social development for developing countries.”

 

At a local level, ADFD is committed to supporting the UAE education sector in order to fulfil the country’s education strategies and empower future generations. As key drivers of the development process, the Fund has continued to assist UAE organisations, enhancing their activities and their operational sustainability across many fields. 

 

Last year, despite the pandemic’s challenges, ADFD extended around AED53 million in financial support to Bloom Education, making it the first company to benefit from the Fund’s AED1 billion initiative, launched in 2020. 

 

This financing helped Bloom Education overcome the teaching challenges posed by Covid-19 and strengthen its financial position, enabling it to play its part in supporting the national economy.

 

The following examples are the outstanding projects funded by ADFD in education sector:

 

MOROCCO

ADFD has provided AED26 million to construct a university district within the Mohammed VI University of Health Sciences campus. The project undertaken by the Sheikh Khalifa bin Zayed Foundation in Morocco, designed to the highest international standards, aims to provide high-quality accommodation for 866 students from areas surrounding the city of Mohammedia, enabling them to complete their higher education. 

 

JORDAN 

ADFD allocated AED466 million to a programme that includes the development and improvement of nine public universities. The project involves the construction of faculty buildings, auditoriums, laboratories, solar energy power-generating stations, and water desalination plants. 

 

The Fund is also financing the provision of state-of-the-art equipment to modernise the universities’ facilities and enhance the students’ learning experience.

 

RUSSIA

With a value of AED1.8 million, ADFD financed the supply of scientific laboratory equipment to the North-Eastern Federal University (NEFU) in Yakutsk, Russia to enhance the university’s ability to develop its specialised research in the field of biodiversity. 

 

The project will help preserve natural diversity, fund reproduction programmes and be used to resettle endangered species in their various habitats.

 

PALESTINE 

In coordination with the UAE Ministry of Foreign Affairs and International Cooperation, ADFD administered a grant of AED42 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). The funding supported the provision of education programmes to roughly 15,000 Palestinian refugee children across 14 schools in the Gaza strip. 

 

SUDAN

ADFD funding secured the provision of educational materials, including chairs and desks, to 400,000 Sudanese students as part of the UAE’s commitment to develop the nation’s education system. The funding also provided classroom resources and programmes to prepare students to flourish in a modern classroom environment.

 

In addition to the above, since its inception in 1971, ADFD has funded several projects in 103 developing countries, positively contributing to the improvement of their economies, which, in turn, led to important societal changes. The fund’s total finance and investment to date is more than AED150 billion.– TradeArabia News Service

 

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *