ADFD finances water projects worth AED2 billion

ADFD finances water projects worth AED2 billion

WAM: Water projects prominently figure in developmental initiatives of Abu Dhabi Fund for Development (ADFD). Estimated at AED2 billion, these initiatives collectively benefited 18 countries while also powering other sectors such as agriculture, industry and energy. The emphasis on water reflects ADFD’s commitment to the world to support efforts to achieve the UN’s Sustainable Development Goals, especially SDG6 that seeks to ensure clean water and sanitation for all.

In a report published on World Water Day, which falls on March 22 each year, ADFD stated that the dams and water networks built with its financing in various countries have enabled their populations to obtain clean drinking water. ADFD has also helped reclaim vast arable land, improve crop quality and ensure food security in partner countries.

The theme of World Water Day this year is groundwater, which draws attention to the fact that more than 2 billion people in the world do not have safely managed drinking water services, and that solid measures need to be taken to address the global water crisis. Approximately 40% of the total amount of water used for irrigation is derived from groundwater aquifers.