UAE gives $44 mn in aid to Palestine
August 1st, 2009 - 11:52 pm ICT by IANSAbu Dhabi, Aug 1 (IANS) The United Arab Emirates (UAE) has provided 165 million dirhams (about $44 million) to Palestine to undertake developmental works, WAM news agency reported Saturday.
The money from the Abu Dhabi Fund for Development (ADFD) will be used to build infrastructure, which in turn will help develop the sagging Palestinian economy, the report said.
The grant follows a memorandum of understanding (MoU) signed by ADFD acting director general Mohammed Saif Al Suwaidi and representative of the Palestinian authority to the UAE Khairi Al Aridi.
Al Suwaidi said: “This funding is to be used to boost the standard of living and address the needs of the Palestinians by implementing various social and developmental projects in Palestine. We are keen to support the setting up of infrastructure that is pivotal to meet the needs of the local economy.”
Al Aridi has praised the ADFD for its support to Palestine in building the economy.
ADFD had earlier contributed 228 million dirhams for building the Sheikh Zayed City in the Gaza Strip. Spanning over 400 sq km, the city has 3,500 housing units, schools, mosques, commercial and office buildings, with power and water supply.
- UAE gives $10 mn loan for road development in Gambia - Apr 05, 2011
- UAE funding wind farm in Seychelles - Mar 02, 2012
- Abu Dhabi gives $10 mn for Kenya road project - Nov 25, 2010
- Pact inked on developing Palestine's infrastructure - Oct 14, 2010
- UAE seeks stronger relations with Kyrgyzstan - Feb 11, 2012
- Abu Dhabi to give $19 mn for Mali dam project - Nov 30, 2010
- Abu Dhabi Commercial Bank posts $158 mn profits - Apr 27, 2011
- UAE business team visits Shanghai - Apr 01, 2012
- $8.9 mn raised for famine victims in Horn of Africa - Aug 20, 2011
- UAE central bank approves budget for 2012 - Nov 24, 2011
- Abu Dhabi gas company signs contract with India's L&T; - Dec 20, 2011
- UAE launches 'Aviation Encyclopedia' - Feb 26, 2012
- Seychelles president hails relations with UAE - Dec 14, 2011
- UAE to support dam project in Burkina Faso - Nov 10, 2009
- Abu Dhabi sovereign fund keen to invest in India - Jan 16, 2012
Tags: abu dhabi, adfd, al suwaidi, aridi, developmental projects, director general, dirhams, gaza strip, housing units, memorandum of understanding, mosques, office buildings, palestinian authority, palestinian economy, palestinians, saif, sheikh zayed, standard of living, united arab emirates, water supply