ADFD, Turkmenistan to enhance economic, development cooperation
ABU DHABI, 3rd February, 2021 (WAM) Abu Dhabi Fund for Development (ADFD) today signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries.
The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 million (US$100 million), whereby investment opportunities and development projects are to be presented for ADFD’s considerations.
In the initial stage, ADFD and Turkmenistan will contribute AED58.7 million (US$16 million) for investment in vital sectors such as energy, agriculture, tourism and industry. This amount will be shared equally by the two parties. According to the agreement, the Turkmen government will present project proposals to ADFD for financing, after which the Fund will take its decis
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ADFD, Turkmenistan ink economic, development coop deal
ABU DHABI, February 3, 2021 Abu Dhabi Fund for Development (ADFD) has signed three MoUs with Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit the economies of both countries. The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 million ($100 million), whereby investment opportunities and development projects are to be presented for ADFD’s considerations, said the statement from ADFD. In the initial stage, ADFD and Turkmenistan will contribute AED58.7 million ($16 million) for investment in vital sectors such as energy, agriculture, tourism and industry. This amount will be shared equally by the two parties.
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ADFD, Turkmenistan to enhance economic, development cooperation Wed 03rd February 2021 | 05:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 03rd Feb, 2021) Abu Dhabi Fund for Development (ADFD) today signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries.
The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 million (US$100 million), whereby investment opportunities and development projects are to be presented for ADFDâs considerations.
In the initial stage, ADFD and Turkmenistan will contribute AED58.7 million (US$16 million) for investment in vital sectors such as energy, agriculture, tourism and industry. This amount will be shared equally by the two parties. According to the agreement, the Turkmen government will present project p