Abu Dhabi Fund for Development (ADFD) has formalized an agreement with “Global South Utilities” (GSU), a UAE-based companies specialised in infrastructure and clean energy project development, to enhance the company’s strategic expansion efforts in Uzbekistan.
The agreement is aimed at supporting GSU’s strategic growth objectives by facilitating the acquisition of a 51% stake in the Uzbek company, “Yashil Energiya.” This partnership stands as a key milestone in GSU’s broader strategy to strengthen its presence in high-potential international markets, aligning with the UAE’s vision for global economic diversification and sustainability.
The agreement was signed by His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, and Mr. Ali Alshimmari, Managing Director and CEO of Global South Utilities, along with senior officials from both organizations.
His Excellency Mohamed Saif Al Suwaidi emphasized, “This agreement reflects ADFD’s ongoing commitment to empowering UAE-based companies in executing high-impact development projects beyond national borders. It aligns with the Fund’s strategic priorities to elevate the UAE private sector’s global footprint while advancing sustainable development solutions across key international markets.”
Mr. Ali Alshimmari, Managing Director and CEO of GSU, remarked, “We are honored to partner with ADFD, a cornerstone institution in financing sustainable development. This collaboration will unlock significant opportunities for GSU to expand its operations in Uzbekistan, enabling our goal to drive impactful projects that benefit both local economies and global sustainability efforts. We remain committed to fostering innovation and economic growth in markets that are integral to our long-term strategic objectives.”
This agreement represents a significant step in ADFD’s mission to support the UAE’s private sector investments abroad, guided by a vision to enable local enterprises to play a key role in global economic growth. It serves as a leading model of successful public-private collaboration that advances sustainable goals, strengthens economies and ensures the enduring stability of communities.
