Beta Launch Saturday, 23 June 2018
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

ADFD bankrolls AED 424 m projects in Albania over 7 years to bolster sustainable development

The Abu Dhabi Fund for Development (ADFD)  earmarked over the past seven years about AED 424 million for three development and strategic projects in Albania to help the country realize sustainable development.

Since 2011,  the ADFD has provided financial resources with a total value of AED423.6 million to finance three development projects in Albania across key economic sectors that bolster sustainable development.

In 2013, the Fund allocated an AED103 million concessionary loan for the Tirana River Rehabilitation project which is scheduled to be finalized in the second quarter of  2018. Revitalizing the bed of the Tirana River, its shores and the surrounding areas will greatly enhance the environmental and living conditions in the area.

 In the same year, the ADFD channeled an AED 137 million concessionary loan into the Tirana River Northern Boulevard project which aimed at  developing the infrastructure surrounding the Tirana River’s Northern Boulevard in order to attract investments, tourists and trade.

 Moreover, the fund extended an AED184 million concessionary loan for the Tirana-Elbasan Road project  for building a  28.2-metre-wide and 27-kilometre-long highway with a 2.2-kilometre-long two-lane tunnel. The tunnel will ensure smooth flow of traffic between the Albanian capital Tirana and the country’s third-largest city of Elbasan.

The ADFA Director General Said Al Suwaidi welcomed on Monday a high-level delegation from the Republic of Albania, headed by Erion Veliaj, Mayor of the Albanian capital Tirana.

During the meeting, Al Suwaidi hailed the steady development of  the ADFD’s special relations with the Albanian government.

The meeting was meant to tackle means of enhancing cooperation as well as the ADFD’s leading role in financing development projects and achieving socio-economic progress in the East European nation.

 

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.