Abu Dhabi - Mubasher: The Abu Dhabi Fund for Development (ADFD) has provided more than AED 1 billion of projects financing in Afghanistan over the past years, from building motorways to modern residential buildings.

According to a recent report marking Afghanistan’s Independence Day on August 19, grants and loans have been directed toward 18 development projects spanning agriculture, energy, transport, industry, health, and social services.

Funds included about AED 136 million to the development of Afghanistan’s transportation sector, including the refurbishment of some of Kabul’s major roads and bridges, as reported by UAE’s The National.

The director general of ADFD, Mohammed Saif Al Suwaidi, said on the 98th anniversary of Afghanistan’s national holiday that “In cooperation with regional and international institutions, ADFD is proud to spearhead this noble march to extend financial assistance for the greater good of the Afghan people.”

"Over a time span of four decades, the fund has significantly contributed to Afghan society through investments in sustainable infrastructure projects that benefit all citizens,” Al Suwaidi added.

Another ADFD contribution of AED 17 million led to the construction of the Baghlan Sugar Factory, while an estimated AED 27 million grant was directed to develop the Sheikh Zayed University in Khost Province.