
Abu Dhabi Fund for Development inaugurates Maafaru International Airport implementation in Maldives
ABU DHABI (WAM)Abu Dhabi Fund for Development (ADFD), as part of its strategic partnership with the Republic of Maldives, today inaugurated the implementation of Maafaru International Airport, a project funded with an investment of approximately Dh367 million.This initiative reflects the shared commitment to advancing critical sectors and supporting a prosperous and sustainable future.The inauguration ceremony was held in the presence of Mohamed Saeed, Minister of Economic Development and Trade of the Republic of Maldives; Dr. Abdulla Muththalib, Minister of Construction, Housing and Infrastructure of the Republic of Maldives; and Mohamed Saif Al Suwaidi, Director-General of ADFD, alongside senior ministers and officials from both parties.ADFD played a key role in the construction of Maafaru International Airport, with a runway that extends across 2,850 metres in length and 45 metres in width, as well as accommodating several Airbus A330 and Boeing B-777 aircraft. This project aims to meet the growing passenger demand and serves as a gateway to seven luxury resorts across the Maldives and the surrounding region.Regarding this inauguration, Mohamed Saeed, Minister of Economic Development and Trade of the Republic of Maldives, extended his appreciation towards President His Highness Sheikh Mohamed bin Zayed Al Nahyan, for his ongoing commitment towards sustainable development efforts in the Maldives.He emphasised that the UAE's support reflects the strategic bilateral relations between the nations and the country's unwavering commitment to supporting partner nations in achieving their development goals. He also emphasised ADFD's key role in financing transformative infrastructure projects and its continued support for the development of key economic sectors in the Maldives.Mohamed Saeed added, 'The inauguration of Maafaru International Airport construction, financed by ADFD, represents a transformative milestone in our national development journey. This strategic project is set to substantially enhance our infrastructure capacity, accelerate sustainable economic growth, and firmly position the Maldives as a world-class destination for tourism, trade and global investment,' he added.Dr. Abdulla Muththalib said, 'Our strategic partnership with ADFD has been instrumental in delivering impactful, high-value projects that advance national priorities across the Maldives. The implementation of Maafaru International Airport is a testament to this collaboration through strengthening our transport infrastructure, fuelling economic activity, generating employment, and reinforcing the Maldives' role in global trade and connectivity'He added, 'with this project, we aim to increase the airport's operational capacity. From inception to execution, we prioritised the integration of innovative technologies and state-of-art systems to elevate aviation safety and operational efficiency, while maintaining a strong focus on environmental sustainability and preserving the Maldives' unique natural ecosystems.'Mohamed Saif Al Suwaidi, Director-General of ADFD, said, 'Our participation in this exceptional event marks a significant milestone in the development cooperation between Abu Dhabi Fund for Development and the Government of the Maldives. The inauguration of Maafaru International Airport reflects our mutual commitment to advancing sustainable development and strengthening infrastructure in our partner countries.'Al Suwaidi added, 'This milestone project is fully aligned with our shared vision of driving economic progress and enhancing infrastructure resilience. We are confident that this project will result in multiple strategic benefits, from attracting foreign investment and enhancing tourism growth, to supporting the Maldives' long-term economic development.'
Since initiating its development efforts in the Maldives in 1978, ADFD has financed 11 strategic projects with a total value exceeding Dh1.11 billion.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
6 days ago
- Zawya
Abu Dhabi Fund for Development receives 'Great Place to Work' certification for 2025
Abu Dhabi, United Arab Emirates: In recognition of its ongoing efforts in promoting innovation and institutional excellence and aligned with its global and regional strategic development goals, Abu Dhabi Fund for Development (ADFD) has been officially certified as a "Great Place to Work" for 2025 by the globally recognized Great Place To Work Institute. This milestone reinforces ADFD's ongoing commitment to fostering a culture that promotes positivity, professionalism, and employee empowerment, while aligning with global best practices in human capital management. It further reinforces the Fund's strategic objective of maximizing team performance to strengthen its mission of advancing sustainable development. His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, said: 'Receiving the 'Great Place to Work' certification is a testament of the Fund's growth journey and underscores its dedication to providing an empowering and inspiring work environment. He added: 'We are honoured to receive this global recognition, reinforcing ADFD's position as a leading national entity that prioritizes the success and shapes the future through promoting talent and ambition.' ADFD places significant emphasis on institutional excellence and employee empowerment by implementing integrated training programs and motivational initiatives that enable national talent and foster a culture of innovation and collaboration. It is also committed to building a transparent and trust-based work environment that encourages employee engagement, open communication, and active participation in decision-making and institutional achievements. This recognition coincides with ADFD's 54th anniversary and reinforces the Fund's long-standing commitment to driving national development through a comprehensive approach based on human capital investment, as it serves as the foundation for successful leadership and sustainable progress. The 'Great Place to Work' certification is among the most prestigious global certifications in the field of workplace excellence, based on comprehensive assessments of employee satisfaction, organizational culture, and alignment with institutional values.


Gulf Today
01-08-2025
- Gulf Today
ADFD attends opening of Jordan Digital Health Centre
In the presence of His Royal Highness Prince Al Hussein Bin Abdullah II, Crown Prince of the Hashemite Kingdom of Jordan, Abu Dhabi Fund for Development (ADFD), represented by Mohammed Saif Al Suwaidi, Director General, participated in the official inauguration of the Jordan Digital Health Centre, a pioneering virtual hospital initiative. This initiative is part of the UAE's broader grant, managed by ADFD, to enhance development projects aligned with Jordan's Economic Modernisation Vision 2023-2025, with a total funding of Dhs1.5 billion. These projects further contribute to Jordan's National Council for Future Technology agenda and reinforce the UAE's ongoing commitment to driving strategic development partnerships in the region. The Jordan Digital Health Centre aims to connect healthcare centres and create an integrated electronic medical records management system through a unified digital platform, to enhance Jordan's healthcare sector in delivering remote care services aligned with international standards. Executed through the support of UAE-based company 'Presight,' a leader in advanced technology and AI-driven digital solutions, in collaboration with Jordan's Ministry of Digital Economy and Entrepreneurship, this centre marks a strategic milestone in enhancing Jordan's digital health infrastructure. During the ceremony, Prince Al Hussein extended his appreciation to the UAE's leadership, President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. He emphasised that this initiative underscores the enduring strategic ties between the two nations and their commitment to advancing sustainable development and economic integration across key sectors. He also praised ADFD's key role in supporting transformative development initiatives, as the Jordan Digital Health Centre serves as a model of cross-border institutional collaboration. WAM


Al Etihad
31-07-2025
- Al Etihad
PureHealth delivers Dh1.03 billion net profit in H1 2025
31 July 2025 22:30 ABU DHABI (ALETIHAD) PureHealth Holding, the largest healthcare group in the Middle East, posted a net profit of Dh1.03 billion for the first half of 2025, up 2% year-on-year, as both its Healthcare (Care) and Insurance (Cover) verticals delivered strong performance. Revenue for the period rose 9% to Dh13.6 billion, while EBITDA reached Dh2.3 billion, up 8%.The Care vertical remained the key contributor to the group's top line, accounting for 72% of total revenue, or Dh9.8 billion, supported by robust demand across hospitals, diagnostics, and technology. Hospital visits increased notably, with outpatient volumes rising 13% to 4.4 million and inpatient volumes up 7% to 108,000. Growth in the UAE was bolstered by enhanced services and expanded specialist capacity across the SEHA and SSMC networks. In the UK, Circle Health's acquisition of Fairfield Independent Hospital added inpatient capacity and extended its presence in high-demand the diagnostics segment, PureLab saw a 19% rise in testing volumes to 16.9 million, aided by the integration of SSMC's laboratory. Technology Services also posted remarkable growth, with revenue soaring 170% to Dh367 million, driven by the expansion of PureCS and increased user adoption of the Pura app, which surpassed 620,000 Cover vertical contributed Dh3.8 billion in revenue, a 14% increase, while gross written premiums climbed to Dh4.9 billion. The Group's membership base rose by 6%, reflecting solid customer retention and growth into underpenetrated markets.'Our strong performance in the first half of 2025 reflects the profound ambition driving our transformation,' said Kamal Al Maazmi, Chairman of PureHealth. 'By aligning innovation with national priorities and international partnerships, we are reshaping how health is delivered, experienced, and sustained.'Group CEO Shaista Asif said, 'We delivered solid growth across both our Care and Cover verticals. As we expand globally, our focus remains on transformation, synergies, and delivering better health outcomes.' PureHealth ended the period with a healthy balance sheet, repaying Dh1.85 billion in bank debt and maintaining a Net Debt to EBITDA ratio of 1.4x. The Group continues to pursue international expansion, including the acquisition of Hellenic Healthcare Group in Greece and Cyprus, pending EU regulatory approval.