Abu Dhabi Fund for Development (ADFD) will provide a AED36.73m ($10m) loan to the Government of Swaziland to support its economic and social development through the development of roads and improvement of surface transportation network.

Mohammed Saif Al Suwaidi, Director General of ADFD, said: "This agreement articulates our priority to support vital economic sectors in developing countries, especially the roads and transport sector that serves as a catalyst for spurring economic growth and bridging the widening gap between urban centers and remote villages."

"Most developing countries suffer from inefficient infrastructure due to lack of financial resources, which cripples economic growth. ADFD therefore pays particular attention to infrastructure projects to achieve inclusive development in the beneficiary nations," he added.

The funding will finance phase 1 of the Manzini - Mbadlana road development, which includes the reconstruction and upgrading of a 30-kilometer highway consisting of two lanes in each direction, including civil works, earth works and pavement, as well as intersection lighting works and provision of road safety equipment.

Martin Dlamini, Minister of Finance in Swaziland, expressed his deep appreciation of ADFD 's active role in promoting economic development in his country through funding various developmental project in vital economic sectors.

He said: "The Manzini - Mbadlana road development project will definitely improve the social and economic conditions of people in the region. It will also facilitate smoother transport of agricultural products to the market as well as link Swaziland with the neighboring Republics of Mozambique and South Africa. This will have a huge impact on the economy of Swaziland."

Established in 1971, ADFD is a national organization responsible for assisting developing countries through providing developmental loans and managed grants provided by the UAE government.

The Fund aims to promote sustainable socio-economic development and private sector growth in target countries.

Since its inception, ADFD has overseen the provision of AED64bn ($17.42bn) towards financing 424 development projects in 71 countries around the world.