ADFD to finance hydro dam in Sudan
The Abu Dhabi Fund for Development (ADFD) has agreed to provide the government of Sudan with 367.3 million Emirati dirhams ($100 million) for the development of the Merwe Hydro Dam, reported WAM. In support of development projects in Sudan, the ADFD sponsored dam will meet the increasing demand for power in the country.
ADFD was established in 1971 with the aim of providing loans, grants and technical aid on easy terms to Arab, Muslim and other developing countries, in order to enable them to carry out their development and infrastructure projects, including agricultural, industrial, transport, rural development, housing, water, electricity, road, port, dam and tourism projects. — (menareport.com)
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