Abu Dhabi pledges US$40m loan for Maldives airport project
The Abu Dhabi Fund for Development has pledged a US$40million loan to develop the Maldives’ main airport, the finance ministry has said. The government is also in talks with the IDB to obtain an additional US$110million loan for the project.
17 Mar 2016, 9:00 AM
The Abu Dhabi Fund for Development has pledged a US$40million loan to develop the Maldives’ main airport, the finance ministry has said.
Finance Minister Abdulla Jihad, who is touring the Arabian Gulf, issued a statement today saying Mohamed Saif Al Suwaidi, the ADFD’s director general, had promised to approve the loan at the fund’s next meeting.
The interest rate for the loan was not specified.
The finance ministry said it is also in talks with the Islamic Development Bank to obtain a US$110million loan for the Ibrahim Nasir International Airport’s development.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
