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UAE's Abu Dhabi Fund loans $40M to expand Maldives' Velana Airport, boosting capacity to 7.5 million annually.
The Abu Dhabi Fund for Development (ADFD) has provided an additional AED 147 million loan to complete the Velana International Airport project in the Maldives, following a previous AED 183.5 million loan in 2017.
This expansion aims to increase the airport's capacity to 7.5 million passengers annually by adding up to 26 gates and an international flight building.
Since 1976, ADFD has supported various strategic projects in the Maldives, including transportation, energy, and tourism.
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El Fondo Abu Dhabi de los Emiratos Árabes Unidos presta 40 millones de dólares para ampliar el Aeropuerto Velana de Maldivas, aumentando su capacidad a 7,5 millones de dólares anuales.