Abu Dhabi Funds finances 16 projects in Egypt

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The Abu Dhabi Fund for Development (ADFD; through the Abu Dhabi Government) has provided loans and grants to aid 16 development projects in Egypt, costing Dh 3.149 billion.

Since its founding year in 1974, ADFD has helped Egypt through implementation of several social-economic projects. It has, previously, funded 11 projects through easy loans and grants, costing Dh 2.24 billion; which includes housing, agriculture, irrigation and social development and loans worth Dh 929.68 million.

The once robust Egypt?s economy is now projected to have a sharp fall in its growth rate amidst the population?s discontent and following political problems. The economy is now struggling to recover.

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