21st March 2022, Skopje – Investment opportunities in crucial major projects in the country were discussed at the meeting between Minister of Finance, Fatmir Besimi, Director General of Abu Dhabi Fund for Development, Mohammed Saif Al Suwadi, and ADFD Investment Department Director, Rashed Alkaabi. Although the meeting was planned to take place in Dubai, it was held online, in line with the austerity measures to cut costs amid crisis.
Minister Besimi presented the Growth Acceleration Plan which, as he said, envisages encouraging of public and private investments in large number of priority areas, such as digitalization, Green Agenda, human capital, innovations and technological development and physical infrastructure. The Plan will play a key role in boosting jobs and growth in the economy of North Macedonia.
“Ministry of Finance and the Government have an ambitious, but achievable, goal to support economic recovery and accelerated growth. The efforts are aimed at achieving twice as high rates of economic growth, the benefits of which will be felt by as many citizens as possible, the benefits of which will be felt by both current and future generations”, the Minister pointed out.
Abu Dhabi Fund for Development expressed interest in being included in project financing, in particular in the areas of agriculture and tourism. Both countries have a potential for intensified cooperation, especially in the field of agriculture, tourism, investments, energy, construction, etc.
Abu Dhabi Fund for Development, as one of the notable investment funds globally, finances strategic development projects by providing loans to governments of developing countries, helping them achieve their development goals and priorities. Its investment capital is estimated at billions of dollars. Most projects focus on sectors such as transport, housing, agriculture, energy, water and industry, along with social services, education and healthcare. In addition, ADFD has direct investments in various companies and private portfolios in partnership with the public and the private sectors, holding shares ranging from full or partial ownership. It also participates with indirect investments in capital markets through deposits and bonds.