Economy
Aldar Invests AED2mn in Abu Dhabi’s First Social Impact Bond

Aldar – the leading Real Estate Developer in Abu Dhabi – will invest AED2 million in Abu Dhabi’s first social impact bond as part of a strategic agreement with The Authority of Social Contribution – Ma’an.
The agreement will see both entities work to address priority social challenges through social contracting, according to a statement released today. As part of the pact, Aldar and Ma’an will build a Social Impact Bond, expected to launch later this year. Abu Dhabi becomes the first in the GCC to introduce this funding method for social services.
Dr. Saif Alshaali, Executive Director – Social Incubator and Contracting (Acting), Ma’an, and Greg Fewer, Chief Financial & Sustainability Officer, Aldar, signed the Memorandum of Understanding at a signing ceremony in the presence of H.E. Salama Al Ameemi, Director General of Ma’an, and Talal Al Dhiyebi, Chief Executive Officer, Aldar.
Speaking on the pact, Her Excellency Salama Al Ameemi, Director General of Ma’an, said: “Social Impact Bonds are a game-changer for how we think about the delivery of social programs, putting a relentless focus on specific and measurable outcomes for the people of Abu Dhabi.
“We are proud to be leading the way in the region for introducing this internationally-recognised method of financing and delivering solutions for social challenges. It is part of our wider mission to encourage the third sector to flourish in Abu Dhabi and deliver solutions to social challenges in partnership with government, the private sector and civil society.”
Greg Fewer, Chief Financial & Sustainability Officer, Aldar, said that they were proud to be partnering with the Authority of Social Contribution – Ma’an to create Abu Dhabi’s first social impact bond. “This is a fantastic example of how the public and private sectors can work together in an innovative way to create outcome-driven programmes that address matters of critical importance to our society and communities at large. This partnership is a clear example of how Aldar is delivering on its sustainability strategy, launched last year, to create a positive impact on our economy, community, people, and environment.”
WHAT ARE SOCIAL IMPACT BONDS |
|
|
|
|
-
Banking & Finance3 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Banking & Finance2 months ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?