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Abu Dhabi to loan $29.9m to finance road in Mauritania

10 December 2013 | 0 Comments

10 December 2013

Abu Dhabi Fund for Development (ADFD) has agreed to provide a loan of $29.9m to the Islamic Republic of Mauritania for the construction of a road to neighbouring Mali.

The agreement was signed by acting director general of ADFD, Mohammad Saif Al Suwaidi, and Mauritania’s minister of economic affairs and development, Sedi Weld Babha Weld Altah.

Mr Al Suwaidi said the road would “play an essential role in activating the economic movement and increase trade between Mauritania and neighboring countries”.

Source: WAM News Agency