Wed 30-03-2022 18:53 PM
DUBAI, 30th March, 2022 (WAM) -- H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Akinwumi Adesina, President of the African Development Bank Group, on the sidelines of the World Government Summit (WGS 2022), taking place at Expo 2020 Dubai.
In his discussions with the President of the African Development Bank, H.H. Sheikh Maktoum highlighted new opportunities for the UAE and African countries to widen their economic relationship. The UAE is committed to forge new partnerships with African markets to not only advance mutual strategic interests but also expand worldwide trade, he noted.
His Highness expressed his appreciation for the African Development Bank’s efforts to spur sustainable economic development and social progress in African countries and promote economic integration in the continent.
H.H. Sheikh Maktoum also discussed ways to strengthen ties and build closer collaboration between the UAE and the African Development Bank Group in various sectors the Bank is active in, including financing of port infrastructure in Africa, green economy and renewable energy.
The President of the African Development Bank Group said that he looks forward to seeing the UAE becoming a bigger partner and a significant investor in Africa.
He stressed that there is a lot that the African Development Bank and the UAE can do together. Adesina is currently on a three-day official visit to the UAE.
The meeting was attended by H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum; Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation and Director-General of Expo 2020 Dubai; Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; Sultan Ahmed bin Sulayem, the Chairman of the Ports, Customs and Free Zone Corporation; and Essa Kazim, Governor of DIFC.
Established to promote economic and social development efforts on the continent, the African Development Bank (AfDB) Group comprises three entities: the African Development Bank (AfDB) which is the parent institution, the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Membership of the AfDB Group comprises 54 African countries and 26 non-African countries.