1st Afrika
Africa International News

ADFD Grants Additional Dhs147M Loan for Maldives Airport Project

The Abu Dhabi Fund for Development (ADFD) has extended an additional loan of AED 147 million to support the expansion of a key airport project in the Maldives. This funding aims to enhance infrastructure, boost tourism, and contribute to the island nation’s economic growth.

 

The project involves upgrading facilities to handle a growing influx of visitors and improve operational efficiency. This strategic investment aligns with ADFD’s mission to foster sustainable development across partner countries.

 

The Maldives government expressed gratitude, highlighting the project’s potential to create jobs, attract investments, and position the Maldives as a regional hub for tourism and aviation.

 

 

Related posts

12-Hour Water Disruption to Impact 29 Suburbs in Johannesburg

Eniola Oladele

Trump, Not Inflation, Driving Bond Market, Says Ed Devlin

Eniola Oladele

USD vs ZiG: What’s Next as Zimbabwe’s New Currency Faces Rapid Decline

Eniola Oladele

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More