In brief
- On 20 April 2017, Goobjoog News, citing WAM, reported Abu Dhabi Fund for Development announced AED330 million ($89m) for development projects in Somalia, particularly infrastructure and transport.
- The report does not establish any specific project, contract, disbursement, or implementation status since the announcement.
On 20 April 2017, Goobjoog News reported, citing UAE state news agency WAM, that Abu Dhabi Fund for Development (ADFD) announced a contribution of AED330 million ($89m) to implement development projects and programmes in key sectors in Somalia, particularly infrastructure and transport.
The report does not establish what has happened since that announcement. It contains no evidence of any contract signed, project started, or funds disbursed. No specific road, bridge, or transportation work is identified, and no timeline for implementation is given.
According to the Goobjoog News report, the contribution is intended to finance infrastructure works and strengthen transportation networks. The report attributes to the fund the claim that ADFD support will “stimulate construction efforts, expand and rehabilitate roads, build bridges and ultimately increase efficiency in the movement of goods and products across Somalia.”
The report also attributes to the fund the claim that the contribution “underpins efforts to improve public services, create new job opportunities and ensure stability and social development,” and aims to help Somalia overcome economic challenges through financing sustainable projects.
Goobjoog News reported that since its inception in 1971, ADFD has financed development projects valued at AED80 billion in more than 80 countries, focusing on sectors including renewable energy, transport, infrastructure, agriculture, mining, industry, health care, social services, housing, water and electricity.
The article includes a file photo of a road heading to Aden Adde Airport in Mogadishu. The photo is illustrative and does not depict ADFD-funded work. No evidence links the photo to the announced contribution.
Frequently asked questions
What specific sectors are covered by the announced contribution?
The announcement, as reported, earmarks the contribution for infrastructure and transport, with a focus on roads, bridges, and construction.
Is the $89m a loan or a grant?
The report does not state whether the contribution is a loan or grant, nor does it give any repayment terms.
Which Somali entity will receive and manage the funds?
The report does not name a federal or regional entity as the recipient or manager of the funds.