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ADFD signs $100m development projects in Turkmenistan
ABU DHABI, 3 days ago Abu Dhabi Fund for Development (ADFD) has signed key development project deals worth AED367 million ($100 million) with Turkmenistan for the construction of an airport at Jebel in Balkan region and the setting up of a 10 MW hybrid power plant in Altyn Asyr. This comes close on the heels of the three MoUs signed recently with Turkmenistan which included a joint study for building a chemical complex and infrastructure development projects with focus on renewable energy and air transport sector. Over the years, ADFD has allocated a total of AED182 million towards the development of several projects in Turkmenistan.