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ADFD allocates $99.91m for projects in Turkmenistan

Abu Dhabi Fund for Development (ADFD) has signed two agreements worth AED367 million ($99.91 million) with the Government of Turkmenistan.
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Emirates News Agency - ADFD allocates AED367 mn towards airport development, hybrid power plant projects in Turkmenistan

ABU DHABI, 10th June, 2021 (WAM) Abu Dhabi Fund for Development (ADFD) today signed two agreements worth AED367 million with the Government of Turkmenistan. The first agreement includes the allocation of AED275 million (US$75 million) towards the construction of an airport in Jebel in Balkan Region, whereas the second agreement aims to finance the development of a 10 megawatts hybrid power plant at a cost of AED92 million (US$25 million).

The two agreements were signed by Mohammed Saif Al Suwaidi, Director General of ADFD,. ....

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ADFD signs agreements worth Dhs367 million with Turkmenistan

Abu Dhabi Fund for Development (ADFD) on Thursday signed two agreements worth Dhs367 million with the Government of Turkmenistan. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Al Suwaidi , Mohammed Saif Al Suwaidi , Mohammed Al Mazrouei , Garajayev Saparmammedovich , Altyn Asyr , Khalifa Abdullah Al Qubaisi , Berdimuhamedov Serdar Gurbangulyevich , Jepbarov Jepbarovich , Jepbarov Rahimberdi Jepbarovich , Mohammed Al Suwaidi , Abu Dhabi Fund For Development , Medium Enterprises Msmes , Colombian Presidential Agency Of International Cooperation , Foreign Economic Affairs Of Turkmenistan , Dhabi Fund , Balkan Region , Director General , State Bank , Foreign Economic Affairs , Suhail Bin Mohammed Al Mazrouei , Deputy Chairman , Deputy Director General , Abu Dhabi Fund ,

Turkmenistan – Russia: On the way of expansion of beneficial cooperation

Turkmenistan – Russia: On the way of expansion of beneficial cooperation
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Abu Dhabi Fund for Development and Turkmenistan sign 3 memoranda of understanding

Abu Dhabi Fund for Development and Turkmenistan sign 3 memoranda of understanding
AKIPRESS.COM - Abu Dhabi Fund for Development (ADFD) signed three memoranda of understanding 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 memorandum of understanding (MoU) involved the establishment of an investment company in Turkmenistan with a target capital of AED 370 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 Fu ....

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