Twofour54, the commercial arm of Abu Dhabi's Media Zone Authority, and Abu Dhabi Fund for Development, the national organisation owned by the Abu Dhabi government, have signed a memorandum of understanding, MoU, to promote their co-operation, exchange of information and media expertise. 

Under the MoU, the fund will receive technical support for its services and its quest to achieve sustainable economic development, said Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development. 

It will also allow the fund to benefit from twofour54’s human and technical resources and media expertise, he added. 

The agreement reflects constructive co-operation and joint action between Abu Dhabi's various government institutions who seek to contribute towards the implementation of the emirate's development strategy, said Maryam Al Muhairi, Acting CEO of twofour54, noting that the common benefit will reflect positively on Abu Dhabi. 

"We share the same goals as the fund, including promoting development in Abu Dhabi and diversifying the UAE’s economy," she added. 

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