"Abu Dhabi Development" Releases "Abu Dhabi Global Water Platform" With a value of $2 billion
ABU DHABI, 8 JANUARY / WAM / The Abu Dhabi Fund for Development announced the launch of the “Abu Dhabi Global Water Platform”, which aims to finance qualitative development projects, new investment opportunities, and innovative initiatives that contribute to the development of the water sector around the world.
The platform seeks to attract total funding worth $2 billion US dollars, equivalent to 7.34 billion dirhams, from local and international financing institutions and organizations.
The Fund will also allocate the first of these financings at a value of one billion dollars, equivalent to 3.67 billion dirhams, over a period of five years extending from 2026 to 2030, targeting about 10 million beneficiaries around the world.
The platform aims to enhance water and food security in developing countries, enable communities to access clean and safe water, support innovative solutions and modern technologies in water resources management, in addition to building international partnerships that enhance cooperation and joint financing, support environmental sustainability and improve the quality of life, which contributes to highlighting the UAE’s developmental role globally.
The initiative is also consistent with the sixth goal of the United Nations Sustainable Development Goals related to clean water and sanitation, which supports international efforts aimed at confronting the challenges of water scarcity and promoting joint action to achieve comprehensive and sustainable development for the peoples of the world.
His Excellency Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, said that the launch of the “Abu Dhabi Global Water Platform” embodies the Fund’s commitment to supporting the directives of wise leadership in dealing with various global development issues that most impact the lives of societies, pointing out that the launch comes within the framework of activating the objectives of the Fund’s new strategy 2030 by focusing on supporting priority development sectors.
He added that by launching the platform, we affirm our active commitment to the international community to support the global challenges facing this vital sector, in an effort to sustain its resources so that future generations can enjoy a better life.
He added: We are pleased to announce the opening of opportunities for our local and international partners to contribute with us in supporting the objectives of the Abu Dhabi Global Water Platform, by attracting joint funds, establishing strategic partnerships, and exchanging various experiences that support accelerating the adoption of innovative solutions and technologies that enhance water security and enable developing countries to face various future challenges.
For her part, Fatima Ateej Al Mazrouei, Executive Director of the Abu Dhabi Global Water Platform, said that the Abu Dhabi Fund for Development’s launch of the platform reflects a proactive vision based on extensive strategic studies and international standard comparisons, which revealed the existence of challenges facing countries in the water sector, stressing that the best way to ensure the sustainability of this vital resource lies in the integration of local and international efforts.
She explained that the coming period will witness the launch of a group of supporting activities to activate the platform, including signing cooperation agreements to implement and develop qualitative development and investment projects in the water sector, financing innovative initiatives and programs that enhance water security, in addition to supporting scientific research and applied projects led by youth, and holding seminars that contribute to raising community awareness of water issues.
In implementing its objectives, the Abu Dhabi Global Water Platform relies on employing a set of diverse and innovative financing tools, including development financing, financing national private sector investments, supporting national exports and providing guarantees, in addition to capital contributions to companies, which provides flexibility in designing financing solutions according to the needs of projects and the priorities of beneficiary countries.
The launch of the platform represents a qualitative step that adds to the long history of the Abu Dhabi Fund for Development, and reflects its keenness to expand its global impact in supporting water projects around the world, in addition to affirming the Fund’s firm commitment to water security as an important development priority, ensuring the sustainability of water resources and building a better future for the peoples of the world.
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