UAE's goodwill translates to $1.5 billion in foreign aid

UAE's goodwill translates to $1.5 billion in foreign aid
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Published October 10th, 2013 - 10:57 GMT via SyndiGate.info

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Western Asia has been the primary destination of UAE assistance for three consecutive years since 2009. Africa received more than 20 per cent of aid last year or Dh1.26 billion.
Western Asia has been the primary destination of UAE assistance for three consecutive years since 2009. Africa received more than 20 per cent of aid last year or Dh1.26 billion.

The UAE has committed more than Dh5.8 billion in foreign aid to 137 countries and regions around the world and last year, which mirrors the noble, humanitarian values instilled by the founding fathers of this country, said His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Shaikh Mohammad was speaking as he was briefed on the UAE Foreign Aid 2012 report released on Tuesday.

The world’s 16th largest foreign aid donor last year, the UAE spent Dh5.83 billion in grants and loans to 137 countries and regions around the world, according to the UAE Foreign Aid 2012 report released yesterday by the Ministry of Development and International Cooperation.

The UAE also committed Dh5.59 billion towards future development projects in 13 countries. Of these commitments, Dh4.81 billion has been allocated to support infrastructure development projects in Egypt, Jordan and Morocco, while the rest will fund, among others, agriculture, water and sanitation, and road transport infrastructure projects. Nearly 78 per cent of these funds is estimated as official development assistance, the report said.

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