The UAE Abu Dhabi Fund for Development (ADFD) signed an agreement to finance a housing project in the Republic of Seychelles valued at AED32 million.
The project aims to deliver housing units that support urban growth and living standards for residents.
The agreement was signed during the World Governments Summit in the presence of Patrick Herminie, President of the Republic of Seychelles. It was signed by Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, and Pierre Laporte, Minister of Finance, Economic Planning, Trade, and Investment of Republic of Seychelles.
80 housing units planned for Orchid Villa area
The project includes the construction of 80 housing units for low-income families. This includes 32 two-bedroom units and 48 three-bedroom units.
All units will be equipped with infrastructure and services. Implementation will be carried out in two phases, with each phase comprising 40 units in the Orchid Villa area.
“Signing this agreement with Republic of Seychelles underscores ADFD’s ongoing commitment to advancing national development priorities in partner countries. By financing the social housing project, ADFD demonstrates its dedication to promoting social stability through the provision of housing units that meet residents’ needs within a safe and sustainable living environment. The initiative also enhances community well-being, strengthens urban planning efficiency, and supports balanced population distribution, fully aligned with broader comprehensive development objectives,” Mohammed Saif Al Suwaidi said in a statement.
“We extend our sincere appreciation to the UAE, particularly Abu Dhabi Fund for Development, for their pioneering role in fostering sustainable development and supporting community prosperity. Financing of social housing in Seychelles represents a forward-looking model of constructive development partnership, delivering tangible impact on integrated urban planning, advancing comprehensive development, and realising a sustainable future vision for our country,” Pierre Laporte added.
Infrastructure and utilities included in project scop
The scope of work includes civil construction, connection to electricity and water networks, preparation of sewage systems, and the development of outdoor spaces to support residential use.
The financing builds on cooperation between the Abu Dhabi Fund for Development and the Republic of Seychelles established in 1979.
Since then, the Fund has supported 14 development projects in Seychelles with a total value of about AED 549 million. These projects cover energy, infrastructure, housing, and health sectors and have contributed to economic and social development in the country.
