Abu Dhabi Fund for Development Gives $59 Billion in Total Funding by the End of 2024
The Abu Dhabi Fund for Development (ADFD) said on Monday that by the end of 2024, it has given a total of $58.9 billion (AED 216.5 billion) to help development projects in 107 countries.
ADFD’s Development Funding
ADFD’s funding includes $42.7 billion (AED 157 billion) in low-interest loans, $15.7 billion (AED 57.6 billion) in government grants, and $517.3 million (AED 1.9 billion) in direct contributions, according to its 2024 report.
This money helped support projects in clean energy, housing, transportation, education, technology, and water security. These projects aim to help partner countries grow their economies in a sustainable way.
By the end of 2024, ADFD gave $1.1 billion (AED 4 billion) through the Abu Dhabi Exports Office (ADEX) to help UAE exports reach 40 countries. They also gave $1.6 billion (AED 6 billion) to 19 Emirati companies with projects in eight countries.
Last month, ADEX and Emirates Development Bank (EDB) agreed to provide $272.2 million (AED 1 billion) to support UAE exporters at the “Make it in the Emirates” 2025 event. Companies must be in manufacturing and have export sales or potential to qualify.
By the end of last year, ADFD’s total investments reached $3.3 billion (AED 12.2 billion) across 22 countries. The fund owns shares in 17 companies working in important sectors to boost economic activity.
In 2024, the fund helped pay for many big projects in energy, water, infrastructure, education, technology, and food security, said Sheikh Abdullah bin Zayed Al Nahyan, ADFD’s board vice chairman.
Abu Dhabi’s Economy
The International Monetary Fund (IMF) says Abu Dhabi’s economy will grow by 4.2% in 2025 and speed up to 5.8% in 2026, said Jihad Azour, IMF’s Middle East and Central Asia director, last month.
Dubai’s economy is expected to grow by 3.3% in 2025 and 3.5% in 2026. The UAE’s overall economy is likely to grow by 4% in 2025 and 5% in 2026. This growth is mostly due to non-oil industries, infrastructure projects, and real estate.
The Middle East and North Africa (MENA) region’s economy grew by 1.8% in 2024. It is expected to grow by 2.6% in 2025 and 3.4% in 2026. These numbers are lower than the earlier estimates from October 2024, which predicted growth of 4% in 2025 and 4.2% in 2026.
Published: 5th June 2025
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