Abu Dhabi Fund for Development: 'Middle East Crisis Has Not Changed Our Strategy in Africa'

The Abu Dhabi Fund for Development (ADFD), a $9 billion sovereign fund, has invested in Africa for over 50 years. Its director general, Mohamed Saif Al Suwaidi, stated that the ongoing Middle East crisis has not altered the fund's strategy on the continent. The fund aims to attract private capital to Africa, leveraging its long-term presence and relationships. ADFD focuses on infrastructure, energy, and agriculture projects, with a recent push to co-invest with private sector partners. The fund's commitment underscores the UAE's growing economic engagement with Africa, despite regional geopolitical tensions.

Global Impact

ADFD's reaffirmed commitment to Africa amid Middle East instability highlights the UAE's strategic pivot toward the continent as a diversification play. Economically, it supports infrastructure development in recipient countries, potentially boosting trade and FDI flows.