The Abu Dhabi Fund for Development (ADFD) signed a financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to expand the Gulf Cooperation Council’s power grid interconnection with the UAE’s national grid, valued at AED 752 million (~$205 million). The objective of the project is to strengthen the interconnectivity between the UAE and the GCC power grid, thereby enhancing regional energy resilience. The project supports the UAE Energy Strategy 2050 by creating an energy system that is both efficient and sustainable, fostering long-term economic growth for the nation. The agreement was signed at ADFD headquarters in Abu Dhabi by Mohammed Saif Al Suwaidi, Director General of ADFD, and Ahmed Ali Al Ebrahim, CEO of GCCIA.