The Abu Dhabi Fund for Development grants a $40 million loan to develop a Maldives airport, boosting tourism and promoting sustainable development.
Loan Details
- Amount and Purpose: The Abu Dhabi Fund for Development (ADFD) has announced a $40 million loan to support the development of an airport in the Maldives.
- Primary Goal: The funding aims to enhance the airport’s infrastructure and increase its capacity to meet growing travel demand.
Project Significance
- Boosting the Local Economy: The project is expected to support the tourism sector, a key pillar of the Maldivian economy.
- Sustainable Development: The initiative aligns with ADFD’s commitment to sustainable development through supporting partner countries.
Airport Development Details
- Capacity Expansion: The project includes runway expansion and facility upgrades to improve passenger experience.
- Strategic Goals: It aims to solidify the Maldives’ position as a global tourism hub by improving infrastructure.
ADFD’s Role
The Abu Dhabi has a long history of financing developmental projects worldwide, focusing on boosting local economies and achieving comprehensive development.
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The Abu Dhabi Fund for Development grants a $40 million loan to develop a Maldives airport, boosting tourism and promoting sustainable development.