Abu Dhabi Fund for Development Unveils $59B Global Impact in 2024 Report

Editorial Team

Last updated 5-06-2025

4 min

ADFD's 2024 report outlines AED 216.

5 billion in global development financing.

Funding has bolstered renewable energy, infrastructure, and water security, enhancing quality of life.

ADFD received the UN SIDS Partnerships Award for its renewable energy work in island nations.

ADEX aided UAE businesses with AED 4 billion, reaching over 40 international markets.

ADFD's investments promote economic growth and job creation across 22 countries.

The Abu Dhabi Fund for Development (ADFD) has just issued its 2024 Annual Report, revealing its truly immense global impact—with cumulative development financing now reaching an impressive AED 216.5 billion ($59 billion). This substantial support has benefitted 107 countries across multiple continents, making a tangible difference from the Caribbean to the Pacific.

According to the report, ADFD financing has included AED 157 billion in concessional loans, AED 57.6 billion in government grants, and AED 1.9 billion in direct contributions. These funds have been channelled into critical areas such as renewable energy, infrastructural improvements—think housing projects, transportation improvements, education and technology initiatives—as well as water-security schemes. In short, these commitments have significantly improved quality of life, boosted economic growth, and helped set a solid foundation for future prosperity in numerous countries.

One standout success from the past year includes recognition from the United Nations, as ADFD scooped the 2024 UN Small Island Developing States (SIDS) Partnerships Award in the economic category. Remarkably, this is the first time the award went to an organisation from the Middle East and North Africa—an accolade reflecting the Fund's impressive renewable energy programmes across the Pacific and Caribbean islands.

On the domestic front, ADFD’s sister organisation, the Abu Dhabi Exports Office (ADEX), clearly hasn’t been sitting idle, either. By the end of 2024, it allocated AED 4 billion to support UAE businesses, helping them extend their reach into over 40 international markets. The UAE’s private sector particularly reaped benefits, with AED 6 billion financing deployed for 19 Emirati companies executing strategic projects across eight countries.

In terms of investments, the Fund’s portfolio saw steady growth in 2024, touching AED 12.2 billion spread across 22 countries. Currently, ADFD investments span 17 companies in diverse sectors, aiming to enhance financial stability, foster crucial economic activities, and create lasting, sustainable job opportunities.

Reflecting on this latest annual report, His Highness Sheikh Mansour bin Zayed Al Nahyan took a moment to revive the foundational principles laid down by late Sheikh Zayed bin Sultan Al Nahyan, who said real civilisation is judged by a person's contribution and legacy. Sheikh Mansour reiterated how these core values shaped ADFD’s mission from its inception in 1971, ensuring it's become a meaningful force for global good, aligned continuously with UAE’s foreign aid policies.

Sheikh Mansour described ADFD as crucial to fulfilling the UAE’s objectives abroad by driving sustainable growth in developing nations and creating strong international partnerships. "ADFD expands its reach by innovating sustainable solutions and continues championing local companies—helping them grow internationally and boost our national economy," said His Highness.

Meanwhile, His Highness Sheikh Abdullah bin Zayed Al Nahyan praised ADFD’s impressive record, pointing out how its endeavours have cemented the UAE’s position as a key global player. He mentioned notable projects in energy, water management, education, food security, and technological innovation, all guaranteeing tangible, lasting benefits in developing nations. "These initiatives support the goals of sustainable development worldwide, genuinely improving people's lives," observed Sheikh Abdullah.

For Mohamed Saif Al Suwaidi, ADFD’s Director General, this year's outstanding accomplishments are a clear reflection of the UAE’s steadfast commitment to global sustainable development—a commitment that started with the nation's founding father, Sheikh Zayed. He credited the visionary leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and guidance provided by Sheikh Mansour, as instrumental in enabling ADFD to make enduring impacts worldwide.

As part of its ongoing vision, ADFD unveiled a fresh corporate identity in 2024—under a forward-looking slogan, "Shaping the Future Together"—with a renewed commitment to the 2030 Sustainable Development Goals. It’s clear that ADFD intends to position itself as a prominent player internationally, supporting countries' development aspirations through effective strategic partnerships.

On a lighter note, anyone familiar with how we enjoy tucking into a hearty plate of fish and chips or a Friday morning cuppa might appreciate just how meaningful it is when an institution like ADFD chooses to focus resources in a way that’s practical, impactful, and accessible for ordinary people around the world. And while initiatives at this scale might seem worlds away from Arageek readers' day-to-day, the spirit of generosity and forward-thinking remains universal.

All in all, it’s hard not to feel genuinely pleased seeing an organisation making thoughtful use of its resources to bring lasting benefit at an internatioal level, driving progress where it truly matters. The future? Certainly looking brighter for many communities out there, thanks to the continuing diligence and strategic vision of ADFD.

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