Abu Dhabi Fund for Development (ADFD) has announced a strategic partnership with Orbitworks, a leading Emirati space technology company, to launch a dedicated satellite capacity for the Fund. This collaboration aims to leverage advanced space technology for monitoring and evaluating the development and investment projects financed by ADFD worldwide.
The cooperation agreement was formally signed during the World Government Summit by His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD, and Dr Hamdullah Mohib, Chief Executive Officer of Orbitworks.
A Strategic Leap into Space-Powered Development
The partnership represents a significant move to integrate cutting-edge technology into development finance, reinforcing the UAE’s position as a growing global hub for space technology and satellite manufacturing. The initiative will create a tailored space ecosystem for ADFD, utilizing advanced software and innovative solutions.
His Excellency Mohamed Saif Al Suwaidi highlighted the strategic importance of the agreement, stating, “This agreement forms part of building an integrated space ecosystem supported by advanced software, innovative solutions, and tailored technologies for ADFD. It will enable effective monitoring of projects financed by the Fund across different continents, enhance operational oversight, strengthen monitoring and evaluation capabilities, and ensure the achievement of strategic objectives in line with the highest international standards.”
Enhancing Oversight with Local Innovation
The new satellite will provide ADFD with enhanced capabilities for data accuracy, operational oversight, and evidence-based decision-making. By applying space technologies, the Fund can more effectively track the progress and impact of its projects, ensuring sustainable outcomes for communities globally.
“This strategic partnership with ADFD reflects a shared commitment to leveraging advanced space technologies in support of sustainable development,” said Dr Hamdullah Mohib. “ADFD is a long-standing national institution with a significant role locally and globally in advancing economic and social development. This collaboration represents a progressive model for integrating space innovation into development operations, enhancing decision-making, improving project monitoring, and maximising long-term developmental impact.”
About Abu Dhabi Fund for Development
Abu Dhabi Fund for Development (ADFD) is a leading national entity that provides development aid in the form of concessionary loans and manages government grants to support developing countries in achieving sustainable socio-economic growth.
About Orbitworks
Orbitworks is a UAE-based space technology company with a strong regional and international track record. The company specializes in providing advanced solutions for the manufacturing and operation of small and medium-sized satellites.
Source: Zawya
