Latest news with #Suwaidi
Al Etihad
10-07-2025
- Business
- Al Etihad
ADFD signs first financing agreement with Laos for Dh73.5 million road project
10 July 2025 13:55 ABU DHABI (WAM) Abu Dhabi Fund for Development (ADFD) has signed a financing agreement with the Government of Lao People's Democratic Republic to support the development of the Southern National Road 13, with a fund of Dh73.5 million ($20 million).The project aims to strengthen Laos' transportation infrastructure by enhancing road quality and improving traffic supporting the nation's economic growth while promoting environmental sustainability, and enhancing internal and cross-border agreement was signed virtually by the Director-General of ADFD, Mohammed Saif Al Suwaidi, and the Deputy Minister of Finance of Lao People's Democratic Republic, Phouvong Kittavong, in the presence of senior officials and representatives from both Suwaidi said, 'This agreement reinforces the fund's ongoing commitment to supporting development initiatives in emerging economies through financing strategic projects that contribute to social stability and enhance quality of life.'He added that this project, a crucial initiative within Laos' infrastructure sector, marks a significant step in expanding ADFD's multilateral partnerships and fostering regional integration. Such projects aim to empower communities to help overcome development challenges while pursuing long-term stability and Suwaidi further emphasised that through its global partnerships, ADFD remains committed to adopting a development-driven approach, prioritising sustainable and high-impact financing across key sectors including transportation, energy, water, and healthcare. These efforts enhance partner countries' capacities to implement their national development plans and deliver lasting socio-economic expressed the country's appreciation for the effective partnership with the UAE and ADFD, underscoring the fund's role in supporting in enabling development initiatives. He noted that the Southern National Road 13 project is a strategic initiative that directly benefits citizens by enhancing transport accessibility, improving efficiency, and strengthening both local and regional economic further emphasised that the new route plays a key role in supporting the development of the agricultural sector in Laos by improving farmers' access to markets and reducing transport costs, thereby enhancing food security and increasing household added that the project also supports the enhancement of public services and contributes to providing citizens with sustainable development he reaffirmed the country's strong interest in expanding collaborative partnerships with ADFD across additional economic sectors in future phases of project covers the construction and upgrade of around 50 kilometres of road, including expanding 20 kilometres from two to four lanes with pedestrian sidewalks, and upgrading another 30 kilometres of existing also includes traffic safety enhancements, measures to ease congestion, improved stormwater drainage, the installation of two truck weigh stations, and support for technical capacity-building road is expected to benefit over 48,000 households each year, positively impacting more than 255,000 individuals. It aims to advance economic activity, enhance access to essential services and markets, reduce travel time, and lower transportation costs.
Jordan Times
16-02-2025
- Business
- Jordan Times
Jordanian dates in 'high demand' at Souq Waqif Date Exhibition
The exhibition offers an opportunity for purchasing various kinds of dates ahead of Ramadan (Petra photo) AMMAN — The Third Souq Waqif International Dates Exhibition, currently held in Doha, is experiencing a "notable" surge in interest for Jordanian dates, which are featured by a variety of exhibitors. These dates are displayed by several participating companies, highlighting the broad appeal of the national product at this event, the Jordan News Agency, Petra, reported. The exhibition offers an opportunity for purchasing various kinds of dates ahead of Ramadan. Exhibition General Supervisor Khalid Suwaidi stressed that the exhibition not only aims to provide consumers with access to variety of dates, but also supports producers and traders in expanding their market reach. Suwaidi also referred to the exhibition's "success" in reflecting the growth and development of the date industry, as well as the increasing commitment of producers to offer "high-quality" dates that can compete with international brands. The exhibition has provided a platform for exhibitors and visitors, facilitating interactions between producers, suppliers and consumers, while showcasing the latest innovations in date production. Page 2
